- cross-posted to:
- buyfromeu@feddit.org
- BuyFromEU@europe.pub
- cross-posted to:
- buyfromeu@feddit.org
- BuyFromEU@europe.pub
Bye bye Visa, Mastercard, Paypal, and many others. They can go and play “America First”. We’ll have our own independent system by november 2025.
Digital euro uh, only matters to the government and banks. Lower cost of production I’m sure. No need to store physical cash for banks.
For citizens, it’s not like we haven’t been using bank cards and apps this whole time. We just have been linking our payments to a bank account we hold digitally on our phones.
So, this isn’t a big change for citizens. Just a lower cost for production.
Not having our cash transaction routed through US services is extremely significant in terms of privacy and autonomy.
Autonomy is indeed more valuable than profits
It’s not just cost of production.
I like the idea of having digital cash like physical cash, with cheap transaction fees if at all, no transactions over international private corps instead of my bank, multiple cards which may or may not work in one place or another, and different apps in different countries.
Transaction fees are already lower than cash handling.
i believe they want the front end experience to be as much like what we have now, but the inner workings are very different and lower cost is not the goal.