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by sunshine-o
2 hours ago
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> How does digital euro replace credit cards? That's basically the same as direct debit. It doesn't address the reason why I use credit cards. Exactly, it is just their latest marketing move to have people accept it. I was in a meeting at the ECB 6 years ago, the digital euro was high priority and we were supposed to see the first pilot 5 years ago. The project is actually older and I saw schematic of the system and screenshot and the management interface 6 years ago. It was developed by a German company. I am not sure why we are not using it right now... it can either be: - the urgency, like upcoming financial collapse, disappeared, - the bank lobbied so hard they killed the previous design, - the EU is just insanely incompetent. |
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