The Digital Euro: Decoupling from PayPal, VISA & Mastercard - Ecu Radio
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The Digital Euro aims to be an electronic equivalent to banknotes and coins, allowing Europe to do its own e-payments. Let's explore this.

From the 7th of April to the 9th, the European Central Bank spoke extensively about the Digital Euro, expressing hope about its potential and publishing an update of its rulebook. Its President, Christine Lagarde, also called for it, wishing to end European reliance on international payment solutions providers such as VISA, Mastercard, PayPal, Stripe and others.

  • Blackmist@feddit.ukEnglish
    313·
    4 days ago

    Sounds less like a replacement for Visa/MasterCard and more like yet another bullshit crypto scam.

    • circledot@feddit.orgM
      7·
      4 days ago

      No. It’s similar to Gnu Taler.

      It also says it (indirectly) in the article:

      According to the ECB, the Digital Euro is “Central bank money in digital form”. In other words: the Euro, except digital.

      Behind this truism, the ECB mean that it would be money, still issued by the ECB, but not taking the aspect of a banknote or a coin, available free of charge for all.

      So no blockchain. If implemented correctly this could be not just a replacement for Paypal et al.