The European Parliament and EU governments are entering the final phase of negotiations on the digital euro. The most sensitive issues include how fees will be shared and how banks and payment providers will be compensated.
    • fisch@lemmy.worldEnglish
      14·
      5 days ago

      It’s basically a debit card that you can use everywhere in the EU. This means you don’t have to use a credit card that almost certainly uses the American VISA/Mastercard network when traveling Europe.

      You might still need a credit card for world-wide payments, but 99.9% of my payments are within the EU, so I’m looking forward to ditching US payment rails.

      They are also planning advanced privacy features that far exceed the privacy you get when using VISA/Mastercard (which is almost non-existent).

      • Kazel@feddit.orgEnglish
        21·
        5 days ago

        he means we also dont’t say digitial dollars, we say credit cards. digital euro… everthing not bar is digital

        • fisch@lemmy.worldEnglish
          21·
          5 days ago

          Yeah, I’m going to admit, the name is stupid. It makes no sense and confuses people. Terrible branding.