this post was submitted on 20 Dec 2025
335 points (99.1% liked)

Buy European

7774 readers
322 users here now

Overview:

The community to discuss buying European goods and services.

Matrix Chat of this community

Rules:

  • Be kind to each other, and argue in good faith. No direct insults nor disrespectful and condescending comments.

  • Do not use this community to promote Nationalism/Euronationalism. This community is for discussing European products/services and news related to that. For other topics the following might be of interest:

  • Include a disclaimer at the bottom of the post if you're affiliated with the recommendation.

  • No russian suggestions.

Feddit.uk's instance rules apply:

  • No racism, sexism, homophobia, transphobia or xenophobia.
  • No incitement of violence or promotion of violent ideologies.
  • No harassment, dogpiling or doxxing of other users.
  • Do not share intentionally false or misleading information.
  • Do not spam or abuse network features.
  • Alt accounts are permitted, but all accounts must list each other in their bios.
  • No generative AI content.

Useful Websites

Benefits of Buying Local:

local investment, job creation, innovation, increased competition, more redundancy.

European Instances

Lemmy:

Friendica:

Matrix:

Related Communities:

Buy Local:

Continents:

European:

Buying and Selling:

Boycott:

Countries:

Companies:

Stop Publisher Kill Switch in Games Practice:

Banner credits: BYTEAlliance

founded 11 months ago
MODERATORS
maam@feddit.uk
alex@jlai.lu
circledot@feddit.org
Argyle13@lemmy.world
buyeuropean@lemmy.ca
buyeuropean@feddit.org
Lazycog@sopuli.xyz
meldrik@lemmy.wtf
Sunshine@piefed.ca
Kjell@lemmy.world
335
Our payment systems are too dependent on the USA (omni.se)
submitted 3 days ago* (last edited 2 days ago) by DreasNil@feddit.nu to c/buyeuropean@feddit.uk
49 comments fedilink hide all child comments
 

The governor of the Central Bank of Sweden comments our payment systems.

Hereโ€™s an AI translation of the text into English:

"Given the geopolitical situation, it is important to create European systems in a number of areas. This is according to Riksbank Governor Erik Thedรฉen in an interview with Ekotโ€™s Saturday program, where he emphasizes that Swedenโ€™s payment systems should not be as dependent on the USA as they have been. As an example, he points out that the two dominant credit card issuers, Mastercard and Visa, are American. 'It is probably wise to consider that we should also have European or Swedish systems that function in case the American ones do not,' he says. According to the central bank governor, Swish is 'a certain complement.' He also highlights that other countries, such as Denmark, have their own national credit cards."

you are viewing a single comment's thread
view the rest of the comments
[โ€“] SlurpingPus@lemmy.world 10 points 2 days ago* (last edited 2 days ago)

Funny how when Visa and MasterCard cut off cross-border payments in Russia โ€” by their own initiative, without any laws forcing them to do that โ€” Westerners all cheered. Then three years later it finally hit them as to what that means.

Meanwhile Russia was building their own payment system since 2014, and it was already working nationwide before '22, so people just got a new card if they wanted, and the system currently dominates the country's market.