what ever "money extraction business" means - wero is a real thing people (me included) are already using and developed jointly by many european banks.
Re:European Alternatives
by sam_lowry_ on Saturday January 24, 2026 @04:02AM
(#46742109)
Old Dutch banks and their Belgian suckers, mostly. You can see a list on their website.
I am not deep into this, but I heard multiple times that the choice of the pan-european payment system was largely political and technnically suboptimal. Old Europe pushed for the aging iDEAL against a much more advanced Blink, so Eastern European banks led by Poland left the consortium.
In the end, iDEAL rebranded as Wero was dead on arrival because a successful system needs to be supported by everyone.
Sounds more like you have some axe to grind
Re:European Alternatives
by sam_lowry_ on Saturday January 24, 2026 @07:55AM
(#46743151)
Others joined quite recently, indeed.
Wikipedia gives an overview by year.
As for the axe, I have no personal interest.
I have no idea what you are talking about. I have been using Wero for a while in France and it works just fine and is completely free.
It's basically instant bank transfer without any fee or limitation on how many you can do.
But you just answered your own question.
Wero is a money extraction business that secured European Commission support. There is no engineering nor payment system to it.