There is this (slow moving, far off) EU project that hopes to bring a new standard. It doesn’t read like they’ve got a complete solution at all, but the principles are comforting at least!
There are standards already for the format of some of the messages. These options being subpar is how we got things like PayPal originally, so who knows.
And so the point arises, what do these companies provide that standardization doesn’t?
There is this (slow moving, far off) EU project that hopes to bring a new standard. It doesn’t read like they’ve got a complete solution at all, but the principles are comforting at least!
https://www.ecb.europa.eu/euro/digital_euro/html/index.en.html
There are standards already for the format of some of the messages. These options being subpar is how we got things like PayPal originally, so who knows.
The excessive fees.