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Privacy Friendly Alternative to Paypal
(lemm.ee)
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this post was submitted on 26 Jan 2025
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Privacy
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A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
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Looks like we are doomed to use PayPal in Europe. What's the hurdle to create a PayPal alternative?
The hurdle is that Europe tends to adopt things that are successful in the US, because it is convenient. Even most services and startups based in Europe are more or less copies of US products, with some notable exceptions of highly specialised applications. This unfortunate trend started in the 1970s, when the largest industrial players in Europe thought semiconductors were just a fad and consequently lost their competitive edge. It was seen as less risky to invest in commercially proven concepts than to actually innovate. This continues to bite us in the ass to this day.