The governor of the Central Bank of Sweden comments our payment systems.

Here’s an AI translation of the text into English:

“Given the geopolitical situation, it is important to create European systems in a number of areas. This is according to Riksbank Governor Erik Thedéen in an interview with Ekot’s Saturday program, where he emphasizes that Sweden’s payment systems should not be as dependent on the USA as they have been. As an example, he points out that the two dominant credit card issuers, Mastercard and Visa, are American. ‘It is probably wise to consider that we should also have European or Swedish systems that function in case the American ones do not,’ he says. According to the central bank governor, Swish is ‘a certain complement.’ He also highlights that other countries, such as Denmark, have their own national credit cards.”

  • explodicle@sh.itjust.works
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    4 days ago

    Yes. They compare it to cash, but the FAQ specifies

    [Payment Service Providers] would be able to identify users for the purpose of compliance with anti-money laundering rules.

    Better systems include blinded signatures and ring signatures.

    • jnod4@lemmy.ca
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      4 days ago

      The amount of times I had my rent/bills bounce because my bank got frozen from anti money laundering AI bullshit that flags every single thing. God forbid you can afford to pay a friend’s car insurance