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by alephu5 1273 days ago
The EU are working on something like this, it's like USDC but backed and exchanged by the European Central Bank.

https://www.ecb.europa.eu/paym/digital_euro/html/index.en.ht...

2 comments

Irrelevant but EU has SEPA Instant Payments which basically resolves GPs issues with bank transfers.
Unfortunatelly, this is not really true.

You bear all the risk as the merchant, the customers can simply reverse a transaction, repeatedly, without providing a reason, for up to couple months.

A surveillance coin that bureaucrats can seize without a trial or due process!

The EU may not be the first to make this.