> Right but those countries are comparable in size and GDP to US states
Yes? So in theory it should be significantly harder to implement a EU wide system when it’s much more decentralized than the US. Yet it only took a few years for SEPA and later instant payments to become universally supported across the EU.
Also developed European countries had all of those things you’ve listed in similar timeframes.
Cool. And how is that even remotely relevant to anything related to the topic of hand?
If your argument made any sense, you'd be using GDP per capita. And there the US is beaten by e.g. Switzerland, Ireland, Norway (skipping microstates) and all of them are around a decade ahead of the US in banking, at least.
Yes? So in theory it should be significantly harder to implement a EU wide system when it’s much more decentralized than the US. Yet it only took a few years for SEPA and later instant payments to become universally supported across the EU.
Also developed European countries had all of those things you’ve listed in similar timeframes.