

To me it’s an inevitability that if the EU weans itself off Mastercard/Visa, then EU based payment processors whether credit based or something like SEPA payments for a digital EURO would be censored. The EU would be happy to handle their own business and that may just end up no different than American companies and the American government. The European right can fight against porn while fighting for independent finance infrastructure
At least Germany, Spain, and Italy have resurgent far right political movements. I am not about to trust government payment systems to not eventually be abused as technology makes control and surveillance easier. A holy book can be replaced with whatever new age self-help, health movement, anti-<ethnicity/sexuality/religion> movement. All it takes is some instability and desperation and people will support whatever or turn a blind eye to whatever they may think is not their problem or they may potentially benefit from. Good for the EU to run their own payment systems. When a conservative wave takes a large enough majority in governance someday, it’ll be the same problem as Visa/Mastercard/etc
The governance powers we give with results being leftist in mind will someday be in the hands of conservative who will use them with a kind of zeal that leftist don’t