As an American, there’s a chain of instinctive thoughts that pass through my mind when I see another news article about the US losing another piece of world dominance:

Oh no, this could hurt me! Wait, I don’t make money from these companies.

My country will lose tax revenue! Wait, massive corporations pay minimal taxes anyway, this doesn’t affect the ability for my government to function.

The Visa/Mastercard employees working internationally will lose their jobs! Corporations have mass layoffs willy nilly anyway, this isn’t different.

The executives and corporate owners will lose revenue! Wait, they’re the ones who can afford to lose income the most out of anybody.

They’ve really done a good job dismantling any reason for me to give a shit about US corporations losing money.

Hopefully, Europe will offer these alternatives to Americans. I want to be free of MasterVisa's yoke.

Oi!

We Aussies have been in Eurovision for over a decade.

Does that qualify us for this payment system?

Cheers

Here in Sweden we have a service called Swish, it is the equivalent to the Norwegian service (with a far funnier name) Vipps, and similar to the US Cash App.

I don't know what the backend is using, but it is a local service that you can use in many shops.

I lost my bank card for a week and while annoying, I mostly managed using Swish.

In Portugal we can choose in the terminals to use our local network for debit, Multibanco. This network exists since the early 80s and all banks are part of it.

It can't come soon enough, the only problem I see is that at a global level every country is developing their own closed system that does not operate with others and when you are travelling visa/mastercard remain the only true cross border solution. I wish countries collaborated more on a system like matrix or lemmy where the backend is the same across the globe even if the end user experience is completely different.

AFAIK, Here in Qatar we have our own network called "NAPS".(alongside Visa and Mastercard)

Amex and Discover are good then? /s

As an American, credit cards have been enshittified to the point of forcing me to use debit or cash. The best rewards credit cards have degraded into garbage and most restaurants and lots of stores have stopped eating the credit card fees and pass them to the customer. So instead of getting 5% back from credit card rewards, you're getting 2-3% and you're also paying that an extra fee when you use your card at establishments, so at best it's usually a wash. There's really no point anymore. It makes more sense than ever to pull your money from banks, put it in a local credit union and stop trying to game rewards credit cards from bigger banks.

At the same time our smart EU leaders have made us critically dependent on their LNG and oil after they blew up Nordstream.

Much more important