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European banks are scared of the digital euro. Here's how their secret lobbying could torpedo it (www.ftm.eu)

submitted 6 months ago by Vincent@feddit.nl to c/europe@feddit.de

4 comments fedilink hide all child comments

The launch of the digital euro could give every European a free, universal payment account. But this grand vision is at risk of being curtailed by a well-coordinated lobbying campaign of the banking industry. Banks want to make sure you will keep needing them – and they have EU officials’ ears.

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[–] SamsonSeinfelder@feddit.de 0 points 6 months ago

VISA will be the main driver to protect the old system where they control the network and the mechants-fees. That is what makes them money. Billions years over years.

The Podcast "Aquired" has a 3h long podcast that tells the crazy story of VISA, its founder and how they came to control the market. If anyone will do anything in its power to not liberalize the payment landscape, then it will be this very Company. It will go thermonuclear on their revenue stream.

[–] Lemmchen@feddit.de 0 points 6 months ago (1 children)

Base it on Monero and I'm fine with a digital Euro.

[–] Rikj000@discuss.tchncs.de 0 points 6 months ago (1 children)

Not based on,
we should stand up for just using Monero itself as our currency.

Based on could mean a centralized wallet and/or surveillance implemented on top of it.

[–] Lemmchen@feddit.de 0 points 6 months ago* (last edited 6 months ago)

I don't want a volatile currency as my main currency. Also, I think PoW isn't the way to go anymore. A digital PoS "Monero" (Cryptonote, etc.) stablecoin is what I was thinking about.