Europe

8324 readers

1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 1 year ago

MODERATORS

[email protected]

Digital euro will complement cash, not replace it (www.eureporter.co)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

53 comments fedilink hide all child comments

“If we want the digital Euro to become a success, we need a clear and convincing narrative of why we need it in the first place. People need to see the benefits of a digital Euro in their day-to-day lives. The European Central Bank and the European Commission have yet to make a compelling case of why we need the digital Euro and what added value it will deliver,” explained Markus Ferber MEP, the EPP Group Spokesman in the European Parliament's Economic and Monetary Affairs Committee.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

At the moment, the plan is for the digital euro to be issued/"minted" by the ECB and also all transactions will be resolved by the ECB, however the ECB won't offer any sort of digital euro account or banking service, the banks will do that instead. The ECB is planning for the digital euro to be free to use for paying for private customers, free to use for donations or exchanges of money between people and free to use for online payments as well. They also want provisions specifically for poor and underbanked people.