Hacker News Reader

Hacker News

Comment by vrganj | Hacker News Reader

Full thread

vrganj

iDeal is amazing and it's great it's coming to the rest of Europe, even if they gave it a worse name.

Here in the Benelux it's the go-to payment option for ecommerce.

I think this will be a much bigger threat to Visa and Mastercard than the oft-promised digital Euro.

View on HN

Afaik the system is being consolidated

https://epicompany.eu/media-insights/ideal-to-phase-into-wer...

« iDEAL will begin rebranding to iDEAL | Wero in 2026 »

> I think this will be a much bigger threat to Visa and Mastercard than the oft-promised digital Euro.

Not just the American card networks but also a threat to the US Dollar as the reserve currency and the power it gives to the USA

Hence why USA is unhappy with Brazil over their Pix system

I actually like Wero a lot as a name, sound like virtual euro to me.

I don't think the name is that bad. iDeal sounds very dated to me as a native English speaker.

How would you even pronounce wero as a native English speaker?

We - ro? Wer-o?

At least iDeal was unambiguous.

I heard the gimmick was euro (you-ro) -- wero (we-ro). Which leaves ayero and dayro.

> How would you even pronounce wero as a native English speaker?

Thankfully, only about 2% of the EU population speaks English natively.

[0] https://webgate.ec.europa.eu/ebsm/api/public/deliverable/dow... Page 10

I mean, who cares how you pronounce it? Each country will have its own variant, similar to how euro is pronounced differently in different places, and eventually one will become the English status quo

Okay, jello

It sounds like a coupon website installing malware to me. But... names are just names. When adoption gets large enough, every name becomes unimportant I guess.

iShares, iDeal, WhatsApp: the Millenial trinity of European essentials :D

> I think this will be a much bigger threat to Visa and Mastercard than the oft-promised digital Euro

Wasn't the digital Euro specifically crippled due to banks lobbying against it to promote Wero instead?

I haven't heard of crippling d. euro, but wero is specifically built by European banks, to try to corner the market before d. euro comes.

That said, I wouldn't be surprised regarding lobbying.

AFAIK they lobbied to limit the maximum amount of digital Euro one may hold pretty severely

I agree it's always fast and convenient! It doesn't have the buyer protection you get with a credit card (it debits from your account immediately), but for most purchases that is fine.

Well I guess I have good news for you (and bad news for Dutch merchants), because Wero does offer the ability to dispute.

Reply on news.ycombinator.com