On: PayPal launches its own U.S. dollar-backed stablecoin

[consumer451]

I have been in the EU a lot over the last few years and no one I know uses anything but direct bank transfers.

I don’t think any of my EU friends have a paypal account.

[worklaptopacct → consumer451]

Depends on the country. In Poland, most banks use a standardized interbank instant cheque system which is integrated with your phone number, and everyone would use that for settling small sums between each other. Sweden has a similar system that's even more flexible.

Meanwhile, German banks offer a similar solution (giropay), yet - in this privacy-obsessed society - everyone uses PayPal instead.

[constantcrying → worklaptopacct]

>yet - in this privacy-obsessed society - everyone uses PayPal instead.

I don't get why to be honest. Banks are far more regulated than Paypal...

[ekabod → consumer451]

I don't think you have been to France. I am french, and I use Paypal all the time because I don't want to give my CC numbers and a majority of online store offer Paypal as an option to pay. Direct Bank transfer to pay online is not widely offered.

[consumer451 → ekabod]

I have not spent much time in France, and I guess that use Apple Pay to accomplish the same goal of not sharing credit cards.

[ilikeitdark → consumer451]

I'm from the USA but been living in Spain for ages, and I'm the only one I know that uses PayPal. Everyone does bank transfer.