Trump’s trade war will harm America’s payments industry, which has long played an outsized role worldwide. Eric Grover from Intrepid Ventures discusses, in particular, Europe’s reaction.

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Wero is the digital wallet and consumer brand of the European Payments Initiative (EPI). Supported by 16 European banks and merchant service providers, it aims to create an efficient payment solution for Europe. Wero P2P was launched in Germany, France, Belgium, and Luxembourg. Next is the launch of an ecommerce use case, as is the Dutch migration of iDEAL to Wero.