Yes, the EU would never dare to regulate European companies, for example require banks to offer free and instant person-to-person money transfers or mobile phone operators to offer data roaming at domestic rates.
The only reason we have that is because fintech is eating the meal of traditional banks.
They came up with ways to transfer with just a card (which benefits Visa and Mastercard, US companies) and do inter-account instant transfers for free.
SEPA normalization took forever, and even now instant transfers are still very often paid past the limit in your card bundle (probably around 3 if you don't have an expensive card).
Brussels rarely works for the little people; they just support whatever the big players at the moment want, unless they are foreign and can come up with a reason to tax them.
It is delusional to think politicians in Brussels care about the little guys; it is always about maintaining or gaining power, otherwise they wouldn't come up with absurd regulations that hit the small players much harder than any of the big ones.
lxgr|1 month ago
unknown|1 month ago
[deleted]
seec|1 month ago
SEPA normalization took forever, and even now instant transfers are still very often paid past the limit in your card bundle (probably around 3 if you don't have an expensive card).
Brussels rarely works for the little people; they just support whatever the big players at the moment want, unless they are foreign and can come up with a reason to tax them.
It is delusional to think politicians in Brussels care about the little guys; it is always about maintaining or gaining power, otherwise they wouldn't come up with absurd regulations that hit the small players much harder than any of the big ones.
cromka|1 month ago
unknown|1 month ago
[deleted]