News for hackers. Stuff that matters.

A comment on Libra, 2 Weeks In. Parent comment

Re:Libra, 2 Weeks In by icebraining on Tuesday July 09, 2019 @03:42AM (#20389721)
The problem is that every country seems to have its own system. In Belgium it's Bancontact, in Portugal it's MBWay, etc. I'm not sure they have anything that works internationally and instantly.
[ Parent | on HN ]
Re:Libra, 2 Weeks In by viraptor on Tuesday July 09, 2019 @04:29AM (#20389903)
I suspect the biggest reason is... nobody's better than them, so there was no rush. Even paypal is not that great. If Libre actually takes off, whether it's good or not, it's likely to force some competition. Kind of like Uber sucks in may ways, but it did get many local taxi companies to improve their services.
[ Parent | on HN ]
Re:Libra, 2 Weeks In by valzam on Tuesday July 09, 2019 @03:44AM (#20389727)
The SWIFT network is the internal standard. It is of course far from instant but it might be in the future.
[ Parent | on HN ]