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by euio757
4 hours ago
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> Giving Europe independence from US payments processors is a huge deal and very necessary You do realize that US payement processor like Visa & MasterCard rely on chip technology from French company (Gemalto, now part of Thales), so these companies aren't independent from EU to start with. Getting independence from the networks themselves, you only need to create a local competitor ... And those has been existing for multi-decades in each country. E.g. Carte Bleue(France) Bancomat (Italy), Bizum (Spain), SIBS (Portugal) etc. Just merge those into a bigger more ambitious network "EuroPA" is exactly that effort. A digital euro is completely orthogonal to that effort. Crazy people don't see how dystopian and dangerous the concept of a centralized digital currency is... |
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