European Commission
Have you ever needed to send money to someone urgently? 💸 Our new proposal aims to make payments in euros instant for anyone with a bank account in any EU or EEA country, at no extra cost compared to a regular money transfer. The switch from "next day transfers" to "transfers in ten seconds" is comparable to the switch from mail to email. More info: https://ec.europa.eu/instant-payments 49 comments
Matti Minkkinen
@ianbetteridge @sigsegv @EU_Commission +1 from here. Memes and EU Commission, great match 🙂
Matias
@mmin @ianbetteridge @EU_Commission Maybe there should be a dedicated EU institution for that! 
Carsten Exil-Hesse In Bahrain
@grin @EU_Commission The expectation is that cost would not be more or just minimal, like it is for Immediate payments within the member states already. 
bot :kiwi_dumbbell:
Why is the EU commission getting involved with payment processing? Will I still be able to receive payments if I say the n word?
Nicolas
@EU_Commission
juliette 🌻
@EU_Commission how will that work for money transfers within EU, but involving a country not using the euro?
John Looney
@juliette @EU_Commission Banks can still use the excuse of currency clearing to slow non-euro transfers. Fast / cheap cash transfers were one of the original promises of the euro project. One more reason for people in non-euro using countries to mention it to their politicians. :-)
juliette 🌻
@bigvalen @EU_Commission i wish! as a non-dane in Denmark, they don't really care what I think...
Uriel Fanelli
@juliette@mastodon.green @EU_Commission@social.network.europa.eu a normal computer can execute a division on floating numbers in a few nanoseconds.
elzapp 🇳🇴🐧☁️
@EU_Commission International transfers in seconds sounds super scary. How will banks be able to intercept fraudulent transfers if they can jump through several countries in minutes?
elzapp 🇳🇴🐧☁️
@seeder @EU_Commission
Joe Seeder
@elzapp @EU_Commission well FYI, there are already quite a few instant systems, like that, and no sky has fallen
Uriel Fanelli
@elzapp@mastodon.cloud @EU_Commission@social.network.europa.eu they have mainframes which can process TFLOPS per second. Don't worry.
James Brace
N26 and Revolut are your friend - both support instant payments As does the Sabadell App for a Spanish mainstream
Rob Synnott
@julieleygibbs @EU_Commission UK? In practice, SEPA Instant will be (or is, it's not actually new but there is a movement to make it mandatory) largely only applicable to the Eurozone, so even without Brexit this wouldn't have been super-useful to UK consumers (though it would be useful to UK businesses). 
Ewan Donnachie
Image captions make memes accessible to people who, for example, haven't watched Star Wars.
m0bi
@EU_Commission Post z memem od Komisji Europejskiej, na Mastodonie prowadzonym przez Unię Europejską. Fiu fiu, świat się zmienia i odkrywa Open Source :) 
fuomag9
@eduardo @EU_Commission They did not verify their account, but I can assure you it's official (good luck owning europa.eu btw!) as per https://edps.europa.eu/press-publications/press-news/press-releases/2022/edps-launches-pilot-phase-two-social-media_en
Uriel Fanelli
@eduardo@mastodon.cloud @EU_Commission@social.network.europa.eu the instance is official, and dedicated to EU officiers.
carrabelloy
@EU_Commission etwas mehr Deutsch oder Mehrsprachigkeit für alle @EU_Commission wär besser! Damit das auch alle verstehen
carrabelloy
@EU_Commission Ich möchte kein Digitalisierung an 💰 haben. Nur Bares ist wahres. Ich möchte meine Freiheit behalten
Uriel Fanelli
@carrabelloy@netz.darknight-coffee.org @EU_Commission@social.network.europa.eu
RandyDandy 🌵
@EU_Commission We have something like this out of the banking system, called Crypto.. Much cheaper then fiat transfers. As an expat in central Europe and coming from a western European country I need to sent or get sometimes money and belief me 1. its not in seconds. But hey! great meme!!
Uriel Fanelli
@RandyDandy@fosstodon.org @EU_Commission@social.network.europa.eu
sab
@RandyDandy @EU_Commission That transfers are not cheap and not instant is exactly the issue the Commission is seeking to adress with this proposal, they're not claiming that his is currently the case. Indeed traditional banking is technologically lagging behind in these issues, but it's just not going to happen that I pay back friends for a dinner out using crypto - and I'm not the most technologically impaired person around.
aitorpazos
@EU_Commission We already have Monero #xmr for that and it is not restricted to the EU or EEA, but anywhere in the world ;-)
Uriel Fanelli
@aitorpazos@fosstodon.org @EU_Commission@social.network.europa.eu I never said "scam" or "crypto is a scam" in this message, neither "money laundry" in this answer. You are reading it wrong. Neither I said "tax avoidance": if you read this, your screen may be broken.
AndiS 🌞🍷🇪🇺
Haven't read through the docs yet, so I'm not yet sure if I like it or not.
But preparing the message for the target audience - check! @EU_Commission 
Kornel
@EU_Commission I'm looking forward to it! Similar requirements already exist within UK, and it's working very well.
Sam Vekemans
@EU_Commission in Canada, the Interac system is used with many Banks but there are lots of fees with it. :(
Andrew Yourtchenko
@EU_Commission it’s 60 cents to do so in the bank I use - but will be nice to have it by default! Thanks ! |
Gregory's Server
@EU_Commission The EU is posting memes on Mastodon, with alt text, and life is good 😁