BrightCandle comments on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

[–] BrightCandle@lemmy.world 1 point 8 months ago* (4 children)

Alas I don't think the USA will have the political stability to ultimately allow the adoption of an alternative. There is zero point building something that also accommodates the USA right now as the new King is quite likely to ban it and waste all the time put into it. Even a treaty put in place wouldn't stop this from happening, so frankly its not worth an EU or any other countries company anticipating doing anything with the USA for the foreseeable future.

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[–] SabinStargem@lemmy.today 5 points 8 months ago

Personally, I think having WERO available to Americans would be a good thing for Europe. It aligns the American population more closely to Europe, and if America has a civil war, Europe would have stronger economic ties with the side they favor.

As an American, I certainly wouldn't mind using WERO. Aside from buying my hentai games without censorship, I would like to keep my money in a safe institution. DOGE broke into America's social security systems, and exfiltrated data that includes things like bank account numbers. It wouldn't be surprising if Donald withdraws money from his enemies, without any oversight. Or just orders the banks to do so on his behalf, with ICE in every branch.

Point being, I don't trust America with my wealth. Europe should use that feeling as a springboard for global spread of the Euro.

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[–] technocrit@lemmy.dbzer0.com -1 points 8 months ago* (1 child)

I don’t think the USA will have the political stability to ultimately allow the adoption of an alternative.

"Stablecoins" exist and are among the most popular cryptos (1).

the new King is quite likely to ban it

Trump literally has his own stablecoin (2), not to mention other crypto grifts.

At the end of the day capitalism is a grift regardless of the food chips used.

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[–] matlag@sh.itjust.works 1 point 8 months ago

So he'll probably ban OTHER stablecoins to get a monopoly, and probably have the government sign a 10 years long binding contract with his own business.