Europe's $24T Breakup with Visa and Mastercard Has Begun

Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by usr1106 on Wednesday February 11, 2026 @12:30AM (#46971234)

Money transfers between bank accounts for no extra fees (well, that's limited to the Euro, so a couple of countries chose to stay outside). Mobile phone usage for no extra fees all over EU (some limitations, but typically not relevant for the average trip).

B2B the integration has even bigger impact.

I don't think eletric plugs are even regulated. British plugs never changed and they were not an argument in Brexit.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by Saline9515 on Wednesday February 11, 2026 @04:02AM (#46972599)

All of those things don't require having a supranational body who you relinquish large parts of your sovereignty to.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by fransje26 on Wednesday February 11, 2026 @04:56AM (#46973042)

Which is why bank to bank transfers are so easy in the US.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by Saline9515 on Saturday February 14, 2026 @12:23PM (#47016313)

I wouldn't say that transfers are easy in the EU.

My bank requires me to fill in a paper form, scan it, send it by mail, wait a week, then get an answer (often, "no, give us more details") if I want to send money in another country. Neobanks tried to solve this for lower amounts, but will freeze easily your account for "AML" if you send low six figures.

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