Posted by doener 1 day ago
There are 16 decathlon locations in 4 provinces. They also have an online store. The Toronto suburbs stores closed. They by no means "basically left Canada". They just left the GTA.
Much to the surprise of many in Ontario, there are quite a few places outside of that province that can be considered Canada.
That being said, what I do not like about Wero is that some parts of the infrastructure is based on AWS and or Google cloud; hopefully they will switch to European clouds, soon.
What use is american cloud reliability if it can't be trusted in with sovereignty the first place?
https://www.heise.de/en/news/Sovereign-payment-service-Wero-...
> To live up to its claim of being a sovereign payment service, Wero intends to reduce its dependence on non-European cloud providers in the future.
They haven't even started any migration, rather future topic without any deadline.
Also the article states that
> When EPI first launched Wero, only cloud services from international providers could deliver the performance, security and stability needed to deliver a competitive solution
and that's is still true to this day, like what EU cloud provider is on the same level as AWS?
Many other EU countries have had similar systems for years, but Wero is standardizing it between a bunch of countries.
Here in the Benelux it's the go-to payment option for ecommerce.
I think this will be a much bigger threat to Visa and Mastercard than the oft-promised digital Euro.
https://epicompany.eu/media-insights/ideal-to-phase-into-wer...
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Not just the American card networks but also a threat to the US Dollar as the reserve currency and the power it gives to the USA
Hence why USA is unhappy with Brazil over their Pix system
iShares, iDeal, WhatsApp: the Millenial trinity of European essentials :D
We - ro? Wer-o?
At least iDeal was unambiguous.
Thankfully, only about 2% of the EU population speaks English natively.
[0] https://webgate.ec.europa.eu/ebsm/api/public/deliverable/dow... Page 10
Wasn't the digital Euro specifically crippled due to banks lobbying against it to promote Wero instead?
That said, I wouldn't be surprised regarding lobbying.
New systems like Wero (or similar ones already widely established in India or Brazil) are based on instant bank transfers rather than a credit card company that acts as a middle man.
Looks like the PSP don't really lower the fees of Wero transactions right now.