It took a long time but it seems like the EU is finally catching up in digitalisation. The wallet and digital euro will be a big step forward.
Galmir_ on
You mean the same visa and mastercard that decide what you can buy or not based on their own opinions and screaming conservatives ?
goldstarflag on
A march to independence! Long overdue.
zbynekstava on
Yes! Fucking finally. Though it’s a bit sad, that this idea had to be originally raised by group of European companies. EU ministers don’t really seem to care about economy, as they themselves seem to only propose some stupid socialist bullshit, like subsidies or ai act.
Tenezill on
Fk me… How to get more control over your peasants.
If that shit is not open source and it becomes mandatory we are so fked
If they add chat control on top of it we have a solid big brother watching over us
Ninevehenian on
I have very little trust that my government will be able to handle this responsibly.
Budget-Shopping6712 on
Great! No more money laundering and tax fraud, no wonder redditors are against it 😀
hamstar_potato on
It’s the EU version of censorship when they will debank people for selling NSFW art or games, or even games in general, for posting valid criticism, etc. Just the stuff Visa and Mastercard have a duopoly over, EU will do the same.
Professional-Air2123 on
Can we have a little bit of freedom, as a treat? I wanna be able to spend my nonexistent money however I want, and if it includes buying video games with sex scenes, boobs and cursing I’d like to be able to do that.
bxzidff on
Of this actually results in a good and viable alternative to visa and mastercard it would be amazing. Those two companies are far too powerful and influential
SnowGrayMan on
Finally!!! I HATE the visa and mastercard monopoly
DepressedDraper on
A CBDC in the hands of EU bureaucrats that are trying to push agendas like Chat Control. And here you are celebrating it.
„So this is how liberty dies… with thunderous applause.“
TemuBoyfriend on
They will fuck it up,I garauntee this will be terrible. And somehow cost citizens a ton of money and freedoms.
marsupialBasher on
> copied text from similar post
we dont have to pretend just tax evaders are against this, there are valid criticisms.
Privacy is the biggest concern about it. Government has direct unequivocal access to all your transactions.
They can collect your spending data en masse, and feed it to AI models. With conventional credit cards, its very difficult to do so (not impossible though).
Also CBDC „is pegged“, but value can be changed through code for you, for a group of people or for everyone.
Third thing is that its centralized. You dont „own“ it, like you would crypto, since you just get a „note“ that you have x euros, you dont have actual euros.
CBDCs include “programmable money” features for example, restricting what it can be spent on, setting expiration dates, or freezing accounts for compliance reasons.
This means they can be deleted at will, since you are not the owner.
medievalvelocipede on
Awesome, progress!
Suikerspin_Ei on
I thought Wero payment system is supposed to be the alternative for Visa and Mastercard?
tortorototo on
Oh so sad Visa and MasterCard will be pushed out. Let me play you a sad song on the world’s tiniest violin 🎻
Quasarrion on
This is the best thing to happen to Europe in a long time and people are already bitching. Incredible.
Verified_Peryak on
Hopefully it get there fast preferably before 2028
Pandabirdy on
Sounds good giving the governments direct surveillance control and logging/archiving rights for every single transaction. So if you have social benefits and spend too much on stuff not vital to survival they can automatically adjust it and so on and so forth. Cannot see a way that could backfire at all /s
GayBaklava on
EU should have alternative to every single critical tech and infrastructure. US cannot be trusted.
PureCaramel5800 on
Great, love to see it!
dustofdeath on
Then they have monopoly and can do the same thing as visa/Mastercard.
We need more options, not less.
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23 Kommentare
It took a long time but it seems like the EU is finally catching up in digitalisation. The wallet and digital euro will be a big step forward.
You mean the same visa and mastercard that decide what you can buy or not based on their own opinions and screaming conservatives ?
A march to independence! Long overdue.
Yes! Fucking finally. Though it’s a bit sad, that this idea had to be originally raised by group of European companies. EU ministers don’t really seem to care about economy, as they themselves seem to only propose some stupid socialist bullshit, like subsidies or ai act.
Fk me… How to get more control over your peasants.
If that shit is not open source and it becomes mandatory we are so fked
If they add chat control on top of it we have a solid big brother watching over us
I have very little trust that my government will be able to handle this responsibly.
Great! No more money laundering and tax fraud, no wonder redditors are against it 😀
It’s the EU version of censorship when they will debank people for selling NSFW art or games, or even games in general, for posting valid criticism, etc. Just the stuff Visa and Mastercard have a duopoly over, EU will do the same.
Can we have a little bit of freedom, as a treat? I wanna be able to spend my nonexistent money however I want, and if it includes buying video games with sex scenes, boobs and cursing I’d like to be able to do that.
Of this actually results in a good and viable alternative to visa and mastercard it would be amazing. Those two companies are far too powerful and influential
Finally!!! I HATE the visa and mastercard monopoly
A CBDC in the hands of EU bureaucrats that are trying to push agendas like Chat Control. And here you are celebrating it.
„So this is how liberty dies… with thunderous applause.“
They will fuck it up,I garauntee this will be terrible. And somehow cost citizens a ton of money and freedoms.
> copied text from similar post
we dont have to pretend just tax evaders are against this, there are valid criticisms.
Privacy is the biggest concern about it. Government has direct unequivocal access to all your transactions.
They can collect your spending data en masse, and feed it to AI models. With conventional credit cards, its very difficult to do so (not impossible though).
Also CBDC „is pegged“, but value can be changed through code for you, for a group of people or for everyone.
Third thing is that its centralized. You dont „own“ it, like you would crypto, since you just get a „note“ that you have x euros, you dont have actual euros.
CBDCs include “programmable money” features for example, restricting what it can be spent on, setting expiration dates, or freezing accounts for compliance reasons.
This means they can be deleted at will, since you are not the owner.
Awesome, progress!
I thought Wero payment system is supposed to be the alternative for Visa and Mastercard?
Oh so sad Visa and MasterCard will be pushed out. Let me play you a sad song on the world’s tiniest violin 🎻
This is the best thing to happen to Europe in a long time and people are already bitching. Incredible.
Hopefully it get there fast preferably before 2028
Sounds good giving the governments direct surveillance control and logging/archiving rights for every single transaction. So if you have social benefits and spend too much on stuff not vital to survival they can automatically adjust it and so on and so forth. Cannot see a way that could backfire at all /s
EU should have alternative to every single critical tech and infrastructure. US cannot be trusted.
Great, love to see it!
Then they have monopoly and can do the same thing as visa/Mastercard.
We need more options, not less.