- cross-posted to:
- StopTech@lemmy.today
- cross-posted to:
- StopTech@lemmy.today
What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?
What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?
Pretty sure having a bank account is like an EU right, so banks can’t just close your account willy-nilly over some online post.
Yes, but VISA would hold the keys to the infrastructure that let’s you use it in in a modern world.
WERO might be the EU alternative.
WERO…xD It sounds like a duck, it looks like a duck, oh, it’s a duck!
Except for maybe international online payments, there are already alternatives, so I don’t quite see how.
Not the banks, but the countries. The EU is getting the EU Wallet, and it must be linked to at least one bank account. This will allow other EU countries to enforce penalties and freeze accounts, seize funds, or whatever. Cool, right? 🤮
Most likely it is an EU right, but violations would require a lot of effort to straighten, so I wouldn’t be surrised if they do sometimes close accounts willy-nilly