The digital euro is one step closer to reality after winning a key vote in the European Parliament today. It's not just about making payments easier. EU leaders see the digital currency as a way to re
For those who worry about how we are at risk of losing control of our own individual freedoms. For once we have a common interest with a very large and powerful group: banking! They will do everything in their power to stop/block digital currencies as it threatens their way of life.
Good idea, but I hope the same group doesn't touch this project that made that European version of the "age verification app" that was immediately hacked.
I'm behind anything that doesn't involve American companies siphoning off a fraction of every transaction for nothing! Australia had the local EFTPOS system for decades, but it was never brought into the NFC tap to pay era, so everyone uses Visa/MC, and off goes billions in fees to the USA.
Brazil has PIX and that’s based off of India’s IRU (7/12 correction: “UPI” not IRU) which in both cases has basically replaced cash across the entire each respective country. 78% of all in person and digital transactions in Brazil are PIX the digital cash equivalent of this Digital Euro idea. It can be done and merchant incentives to customers helped accelerate it indeed.
Having an independent digital system for euro is a great idea, but it should not replace physical money
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Eventually they will say cash is only used by criminals and take away that freedom
Also i want to see what happpens a week after Q-Day
But now there's a plan for the digital Euro and the banks objection, because its technally difficult in impliment the technology to intigrate.
Should definitely come to America asap I hope.