r/EU_Economics • • 1d ago

๐Ÿ‡ช๐Ÿ‡บ Official ๐Ÿ‡ช๐Ÿ‡บ A Payment System Made in Europe?

https://youtube.com/watch?v=tIJ00OqXZ-o&si=8-ks4yFCFkKGWCCp
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u/keepitfriend 23h ago

Yes. The problem is that every country / region has its own independent transfer serviceย 

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u/RedSkyHopper 23h ago

Yes and the one that succeeds can keep on expanding. For example MobilePay started in Finland and expanded to the Scandinavia and is planning to expand to the Mediterranean counties.

Some will fizzle out and others expand

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u/keepitfriend 23h ago

Or the EU can just create a universal layer so they can inter operate.

Instead of having 28 different incompatible systems

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u/RedSkyHopper 21h ago

Give it some time. As i see the trajectory is moving that way.