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Have you ever needed to send money to someone urgently? 💸

Our new proposal aims to make payments in euros instant for anyone with a bank account in any EU or EEA country, at no extra cost compared to a regular money transfer.

The switch from "next day transfers" to "transfers in ten seconds" is comparable to the switch from mail to email.

More info: ec.europa.eu/instant-payments

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grin

@EU_Commission let's hope the costs won't rise.

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Nicolas

@EU_Commission
That could be nice to mandate the use of "EPC - QR Code" too.
en.wikipedia.org/wiki/EPC_QR_c

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2y

@EU_Commission I never knew those two were doing that sort of thing!

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elzapp 🇳🇴🐧☁️

@EU_Commission International transfers in seconds sounds super scary. How will banks be able to intercept fraudulent transfers if they can jump through several countries in minutes?

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La Dama Bruja 🇪🇸🇪🇺#GTTO #FBPE

@EU_Commission Great another EU benefit my country has denied me.

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Ewan Donnachie

Image captions make memes accessible to people who, in this case, haven't watched Star Wars.

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m0bi

@EU_Commission Post z memem od Komisji Europejskiej, na Mastodonie prowadzonym przez Unię Europejską. Fiu fiu, świat się zmienia i odkrywa Open Source :)

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grob

@EU_Commission
Meme? -> Boost. Fairplay, commission, fairplay.

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ArnoWI

@EU_Commission Hopefully more secure transfers than e-mail.

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lucaspetes

@EU_Commission hmm, would it be like Brazil's PIX protocol? o.o

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Eduardo

@EU_Commission is this account "official" ??
I don't see a blue tick !!! :anidab_left:

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carrabelloy & seine Hobbys

@EU_Commission etwas mehr Deutsch oder Mehrsprachigkeit für alle @EU_Commission wär besser! Damit das auch alle verstehen

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carrabelloy & seine Hobbys

@EU_Commission Ich möchte kein Digitalisierung an 💰 haben. Nur Bares ist wahres. Ich möchte meine Freiheit behalten

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the_whip

@EU_Commission Ah yes, the EU. I remember being in that, back in the good old days.

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RandyDandy 🪐

@EU_Commission We have something like this out of the banking system, called Crypto.. Much cheaper then fiat transfers. As an expat in central Europe and coming from a western European country I need to sent or get sometimes money and belief me

1. its not in seconds.
2. the fees are not cheap.

But hey! great meme!!

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@EU_Commission We already have Monero #xmr for that and it is not restricted to the EU or EEA, but anywhere in the world ;-)
Also, #xmr is battle tested and has resisted attacks from establishment institutions like yourself. It is less likely to suffer from bugs than centralized closed software built from ivory towers wasting tax payers money:

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Island_Martha

@EU_Commission
WISE is already doing that, and more

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Kornel

@EU_Commission I'm looking forward to it! Similar requirements already exist within UK, and it's working very well.

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Sam Vekemans

@EU_Commission in Canada, the Interac system is used with many Banks but there are lots of fees with it. :(
interac.ca

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