A Boring Dystopia

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Visa Could Ruin the Internet (youtu.be)

submitted 3 weeks ago by ratrace@lemmy.zip to c/aboringdystopia@lemmy.world

9 comments fedilink hide all child comments

Cross posted from https://lemmy.zip/post/65355368

What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?

top 9 comments

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[–] MissesAutumnRains@lemmy.blahaj.zone 28 points 3 weeks ago (1 children)

The EU's payment processors cannot come fast enough.

[–] alakey@piefed.social 2 points 3 weeks ago (1 children)

Why do you assume EU's or any other payment processor for that matter would be any less draconian? EU and the US are not that far apart when it comes to puritan nonsense.

[–] Viking_Hippie@lemmy.dbzer0.com 7 points 3 weeks ago

Why do you assume EU's or any other payment processor for that matter would be any less draconian?

Because the EU has MUCH better privacy and consumer protection laws than the US.

EU and the US are not that far apart when it comes to puritan nonsense.

That's simply not true.

[–] Carmakazi@piefed.social 14 points 3 weeks ago

They've already been no small arbiters of what is and is not "acceptable" by just refusing to service certain transactions and industries.

[–] ShadowRam@fedia.io 13 points 3 weeks ago (2 children)

I mean, the gap will be filled with something not Visa/Mastercard if they keep it up.

[–] benjirenji@slrpnk.net 16 points 3 weeks ago

Many countries are already implementing independent payment systems. What's missing is international payments that could be simple, but most of these national systems don't allow interoperability yet. I really hope they tackle this soon.

That and reserving money like for car rental and other deposits. Shouldn't require a credit card. A bank or payment provider could implement this transparently.

[–] muntedcrocodile@hilariouschaos.com 1 points 3 weeks ago

Visa and MasterCard have such a strong duopoly that its almost impossible to break into. Even Elon is struggling to do it.

[–] Proprietary_Blend@lemmy.world 4 points 3 weeks ago

Ruin it more?

[–] Korhaka@sopuli.xyz 1 points 3 weeks ago

If it was tomorrow they did that to me, I probably wouldn't even notice for a few days.