That’s the confusion. I’m only talking about technology.
You’re contradicting yourself. Visa and co. don’t own technology. As you wrote, the implementation is left to banks and financial providers. You need to decide whether you want to discuss banks’ software implementation or the schemes designed by Visa and co.
That could be done by just making a new NFC wallet app
You can’t just build an app that uses NFC, like you build an app that uses a phone camera. You need special agreements with Apple (or Google) to access their NFC chip. Visa and co. don’t have such agreements which makes their schemes limited and unattractive compared to D€.
Visa and co. don’t own technology. […] the implementation is left to banks and financial providers.
That’s exactly backwards.
The store POS system doesn’t connect directly to every individual bank that issues a card. They connect to Visa’s server which authenticates the transaction. They’re the network in the middle of the system that everyone else connects to. The banks just provide the account to transact from.
You can’t just build an app that uses NFC, like you build an app that uses a phone camera.
Then how is this new Digital Euro supposed to do NFC transactions if they can’t use the NFC?
You’re contradicting yourself. Visa and co. don’t own technology. As you wrote, the implementation is left to banks and financial providers. You need to decide whether you want to discuss banks’ software implementation or the schemes designed by Visa and co.
You can’t just build an app that uses NFC, like you build an app that uses a phone camera. You need special agreements with Apple (or Google) to access their NFC chip. Visa and co. don’t have such agreements which makes their schemes limited and unattractive compared to D€.
That’s exactly backwards.
The store POS system doesn’t connect directly to every individual bank that issues a card. They connect to Visa’s server which authenticates the transaction. They’re the network in the middle of the system that everyone else connects to. The banks just provide the account to transact from.
Then how is this new Digital Euro supposed to do NFC transactions if they can’t use the NFC?