Damus
Open in Damus
Abstract Equilibrium · 3w
"retailers will be pleased...after all, the ECB is providing the infrastricture" The implied self-importance here is mind-boggling!
 Pana - Network State of Refuge profile picture
Pana - Network State of Refuge @therefugenetworkstate
What that means is they currently have to source terminals and other hardware themselves, paying giants like Visa/Mastercard. If a push comes from the govt, the chances they might cover these costs are high. It's net savings to a small retailer.

Understand things before commenting mindlessly.

Abstract Equilibrium · 3w
I understand that completely. The ECB isn't covering a cost; they're redirecting it. Phrasing things like that redirection is the "after all" reason retailers "will be pleased" is highly presumptuous. I assume by contrast that many retailers will still dislike the ECB after they get their "free" ...