All 27 states 🇪🇺 have agreed to introduce the digital euro. It’s effectively a done deal. The next step is the approval by European Parliament due in April next year.
It ensures Europe controls its own money. By providing an EU-backed alternative to private digital currencies and foreign payment systems, the digital euro eliminates dependence on external powers like the US or China.
This is great news. It is absurd that Visa/Mastercard/Apple/Google effectively control all payment transactions in Europe.
Since the pandemic, it feels like the whole democratic world’s speedrun anti-privacy, and even arguably authoritarian policies. Here’s hoping it’s just something that dies in, or at least *after*, the 20s.
GlorEUW on
i am so excited for a digital euro, i hate that it is constantly being undermined and delayed by the private banks fearmongering. maybe i’m biased because irish banks are truly awful, but banks have just become parasites using regulations to mandate their own profits and market share.
thats why i’m doing my part to fight back (banking with a credit union plus online-only new banks like revolut and n26)
3 Comments
All 27 states 🇪🇺 have agreed to introduce the digital euro. It’s effectively a done deal. The next step is the approval by European Parliament due in April next year.
It ensures Europe controls its own money. By providing an EU-backed alternative to private digital currencies and foreign payment systems, the digital euro eliminates dependence on external powers like the US or China.
This is great news. It is absurd that Visa/Mastercard/Apple/Google effectively control all payment transactions in Europe.
Man, I was just talking bout this stuff the other day. I have no problems with this sort of thing…as long as cash isn’t [capped](https://www.europe-consommateurs.eu/en/shopping-internet/cash-payment-limitations.html). Take Greece, over 500€ and you gotta whip the card out.
Since the pandemic, it feels like the whole democratic world’s speedrun anti-privacy, and even arguably authoritarian policies. Here’s hoping it’s just something that dies in, or at least *after*, the 20s.
i am so excited for a digital euro, i hate that it is constantly being undermined and delayed by the private banks fearmongering. maybe i’m biased because irish banks are truly awful, but banks have just become parasites using regulations to mandate their own profits and market share.
thats why i’m doing my part to fight back (banking with a credit union plus online-only new banks like revolut and n26)