Why? What problem does this solve? Our money is already digital; with my tinfoil hat on, this just seems to give the government way more control over the monetary supply than it deserves.
(it's not mentioned anywhere, but if ECB wants to do quantitative easing in the future, it could give every EU citizen 100 EUR directly, so called helicopter money. It would be the most effective way to do monetary easing and would allow many negative effects of QE trough banks)
Make no mistake, I don’t like the government. But at least I can sue the government if they do something that jeopardizes my business without a solid reason. With these private companies, posting a cry for help on HN is pretty much the only thing you can do.
What country are you from, if you don't mind sharing?
To me, as a North American...this just sounds implausible.
The legal system is terrible, of course. But the state at least pretends to be bound by a constitution, and provides courts and procedures, e.g. for hearings.
Companies like Stripe will ban you based on a bot’s decision. No human will ever hear as much as your voice in the process.
And if you did sue them, they’d say “We’re private enterprise, we can choose who we do business with”.
No, you can't. Maybe in Finland or someplace like that.