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I get that this is a good thing and long overdue - but the excitement here just underscores for me how expectations in Europe for Europe doing anything truly cu

by mkrecny 2mo ago

I get that this is a good thing and long overdue - but the excitement here just underscores for me how expectations in Europe for Europe doing anything truly cutting edge are low.

marginalien 2mo ago
I think EU citizens are excited mainly because of winning back their digital sovereignty, nobody said this would be cutting edge technology. Actually the simplicity of the solution is key (Wero is based on EU’s proven SEPA Instant Payment rails). 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.
- sajithdilshan 2mo ago
  I wouldn't count on that, in-order to provide rock solid financial service, you definitely need a reliable cloud provider. There is no true equivalent in EU for a cloud provider like that at the moment
  - ekall 2mo ago
    To me this is like saying that it is no use trying to prevent your arm from being cut off because if you try you will lose a finger. What use is american cloud reliability if it can't be trusted in with sovereignty the first place?
    - sajithdilshan 2mo ago
      This sovereignty debate is the dumbest thing I’ve heard, like a country can be sovereign, but Europe is not a country. It’s like saying Asia is going to be so sovereign. We all saw how the unity of Europe with brexit.
  - marginalien 2mo ago
    Update: migration to EU cloud is in progress: https://www.heise.de/en/news/Sovereign-payment-service-Wero-still-relies-on-AWS-but-vows-to-improve-11277248.html https://www.heise.de/en/news/Sovereign-payment-service-Wero-...
    - sajithdilshan 2mo ago
      Did you even read the article? It says > 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?
      - marginalien 2mo ago
        Yes, and I read till the end. The article quotes a presse statement in which they say: „EPI is currently working to reduce its dependency on non-European suppliers. The market has evolved significantly in recent years, and we are now building on this progress to drive this transition forward.“
Havoc 2mo ago
The excitement isn't about innovation but about solving a problem: Increasingly unreliable US in payment system
microtonal 2mo ago
The precursor to this system (iDEAL) has been running in The Netherlands for 21 years. Pretty much all transactions of Dutch webshops and even a lot of foreign webshops (thanks to Stripe support) by Dutch buyers go through iDEAL, as well as most digital P2P payments in Europe. Many other EU countries have had similar systems for years, but Wero is standardizing it between a bunch of countries.

by mkrecny 2mo ago

I get that this is a good thing and long overdue - but the excitement here just underscores for me how expectations in Europe for Europe doing anything truly cutting edge are low.

marginalien 2mo ago

I think EU citizens are excited mainly because of winning back their digital sovereignty, nobody said this would be cutting edge technology. Actually the simplicity of the solution is key (Wero is based on EU’s proven SEPA Instant Payment rails). 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.

sajithdilshan 2mo ago
I wouldn't count on that, in-order to provide rock solid financial service, you definitely need a reliable cloud provider. There is no true equivalent in EU for a cloud provider like that at the moment
- ekall 2mo ago
  To me this is like saying that it is no use trying to prevent your arm from being cut off because if you try you will lose a finger. What use is american cloud reliability if it can't be trusted in with sovereignty the first place?
  - sajithdilshan 2mo ago
    This sovereignty debate is the dumbest thing I’ve heard, like a country can be sovereign, but Europe is not a country. It’s like saying Asia is going to be so sovereign. We all saw how the unity of Europe with brexit.
- marginalien 2mo ago
  Update: migration to EU cloud is in progress: https://www.heise.de/en/news/Sovereign-payment-service-Wero-still-relies-on-AWS-but-vows-to-improve-11277248.html https://www.heise.de/en/news/Sovereign-payment-service-Wero-...
  - sajithdilshan 2mo ago
    Did you even read the article? It says > 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?
    - marginalien 2mo ago
      Yes, and I read till the end. The article quotes a presse statement in which they say: „EPI is currently working to reduce its dependency on non-European suppliers. The market has evolved significantly in recent years, and we are now building on this progress to drive this transition forward.“

Havoc 2mo ago

The excitement isn't about innovation but about solving a problem: Increasingly unreliable US in payment system

microtonal 2mo ago

The precursor to this system (iDEAL) has been running in The Netherlands for 21 years. Pretty much all transactions of Dutch webshops and even a lot of foreign webshops (thanks to Stripe support) by Dutch buyers go through iDEAL, as well as most digital P2P payments in Europe. Many other EU countries have had similar systems for years, but Wero is standardizing it between a bunch of countries.