I paused over this story today....that the EU says it will introduce a digital payments infrastructure/creature to replace Visa/Mastercard and Apple/Google Pay.
What they hint at.....zero fees and be 100-percent European-only.
Then the same authority said....it will in some fashion....prevent companies and people having to pay 2-to-3 percent of transactions to process business payments.
I paused over this....you have to have some type of FEE....for the person/user or the commercial operation, or business....to cover the cost of transactions. The EU simply saying there would be NO fee? I don't think they grasp how these things work.
This should have been identified already 20 years ago to think about? Yeah, that's my chief problem.....the EU is always ten to twenty years behind on resolving things.
Hint: Elon spoke up a week or two ago....he was originally thinking of a Tesla-style cellphone, but instead has gone to a personal individual device....simply a screen which would 'talk' to a cloud server to move information to your hand. XAI would accomplish what you need...whether calling for a pizza, asking for a friend's communication number, getting the police to your site, or playing some tune. Likely to be delivered by the end of 2027 (if you ask me). The EU reaction? Probably freaked out, wanting the Apps zeroized (the problem is...no App on the phone will exit).
2 comments:
Wood-fired Pizza is the best. Pizza carbonara is one of my favorites. Some of the best Pizza was at a little shop in Pisa.The only reason you go to pisa is the tower and the food, otherwise, it was just an old dirty run down industrial town.At least it was in 2002
Never did the Pisa thing...my wife did, and that was her perception....just a run-down town with a world-class tourist magnet. On my Munster-trip 2 weeks ago....sat in a Italian shop with wood-fired oven running.....yeah, pizza was five-star.
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