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Comment by midzer | Hacker News Reader

There is Taler already https://www.taler.net/

Taler is cool but different. Wero is about moving money from your bank account to someone else’s bank account using a phone number to identify the recipient.

It is very similar to many other mobile money systems. What make it different is that it is pan European

Taler is about moving money without necessarily using a bank account

Wero is a long way from pan-European. It operates in three countries so far. We already have a similar thing in the Nordics (Denmark, Norway, Sweden, and Finland) called Vipps that uses one's phone number. You can also use it to pay in shops much as one uses Google Wallet or Apple. It's been in operation in Norway for over ten years.

Vipps MobilePay is already part of EPI's initiative towards pan-European cooperation, as well as Bancomat (Italy), Bizum (Spain), SIBS (Portugal).

Once Wero becomes usable in Austria, France, Germany, Benelux, and interoperable with those, the few remaining players will have a strong incentive to join.

That is a (much better) ecosystem that someone must host and provide.

Holefully more providers will pop up in the years to come.

This is like someone posting a link to Venmo and you saying "There is CashApp already"

Isn't Venmo some nasty shit that by default exposes all of your transactions publicly to your "friends"?

? Venmo is useless for many of us because it is limited to the US

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