Die EU kündigt an, dass sie eine digitale Zahlungsinfrastruktur einführen wird, die Visa/Mastercard und Apple/Google Pay ersetzen soll. Es fallen keine Gebühren an und es wird zu 100 % nur für Europa verfügbar sein.
https://www.independent.ie/business/digital-euro-what-it-is-and-how-we-will-use-the-new-form-of-cash/a165973061.html
Von LoneSwimmer
25 Kommentare
Ooh, that’s a great move from the ecb. That’s the kind of shit the EU should be doing.
And it will arrive in 2045.
Hopefully Irish government isn’t involved in developing it. Will never be done
It’s a good idea to get away from these American payment processors since they seem to be quite trigger happy of interference. However, who knows how long this will take.
Dear EU,
Please just stop solely relying on google services API, make a payment system outside of this monopolistic ecosystem.
Oh wait, this is another digital monopoly game now with digital ID..
Nevermind.
Some countries already have this, they should just expand one of them to save time/ money. BLIK works pretty flawlessly for online and at card terminals.
Excellent. There is prior art for this (see India) which, if used well, should mean it doesn’t take a slow moving bureaucracy decades to implement. A great move though and really the kind of thing I think the EU should lean into.
Edit: spelling
I think the Digital Euro will be good and glad it’s being perused but this bit is nonsense. Your phone doesn’t cost merchants more.
> An official in the ECB in Frankfurt once told me that whenever he pays in a restaurant or shop, he uses a bank card. Not his phone.
>
>“I don’t know if you’ve noticed,” he says, “but some hotels really want you to use a physical card. Because, for the merchant, phones are far more expensive. Apple and Google charge quite a bit. So I’m more mindful now, even going into a restaurant, since I know this for professional reasons, that using your phone is just a ‘thank you’ to Apple or Google.”
Francesca Albanese is a perfect reason why this needs to happen. She can’t book a hotel, buy anything on the web or even hire a car as the US have sanctions on her.
It’s times like these you get reminded how good the EU can be when its focus is making lives better instead of pandering to big business.
Can’t wait for the 5g lads to get on this.
No access, what does it say?
Zero fees until … everyone uses it and then a tax will be added
Good. Having American payment processors at the whims of fundamentalist puritans and headcases like the US government is not a good thing.
What in christ … the EU realises its position as a big trading block and uses this to make an efficient fintech platform that cuts out the american monopolies who rake billions cheap to maintain servicing platforms …
Fuck me , they did something smart
I hope this spawns them onto looking at other things a natural eu public monopoly / or semi monopoly would be a more effective in replacing a renting extracting platform
What’s happening with Zippay?
Unreal, EU should also introduce a public run Amazon competitor. So a neutral marketplace where vendors can sell products online without Amazon harvesting data, cloning successful products, and dominating so much business. Just provide a state-run neutral platform. Where vendors and shippers can compete transparently in one place, so people have more of a choice.
Just like the Brazilian Pix system that their central bank set up. An excellent idea, in the old days when payment processing was a hugely complex task the fees were justifiable but it’s so much easier now that these companies have no business syphoning so much money out of the system for their services.
Replacement payment infrastructure built by the EU – this is incredible. Whole-heartedly looking to support development, security, and sustenance of such critical initiative. More than anything the jobs and upskilling this will bring to the EU market is going to be critical.
I am thrilled that such conversations are taking place and very likely current payments giants will create an environment to sabotage this.
By the EU, for the EU (and world if they wish to receive promising and reliable alternatives).
If it results in the likes of Mastercard and Visa offering rewards and greater incentives like in other countries then happy days!
Please God be soon. Payment fees are getting to be a real chunk of small business profits
It has been done on a much smaller scale with success, so I don’t see why not. I lived in Singapore for many years, and they have something called NETS as a payment service provider, as a low-fee alternative to Visa/MC. Your regular bank card would work as both a Visa/MC and a NETS card, with some vendors only accepting cash or NETS.
There’s many other examples too, like China’s UnionPay.
CBDCs are not to be celebrated.
They open the door for all sorts of extra surveillance, restrictions on how you use your money, penalties for buying XYZ, manipulation of financial markets, etc etc.
There is huge potential for the erosion of our personal financial freedom and privacy.
Look at the support in the EU for chat control and similarly invasive „safety measures“ and ask yourself if you want to hand these people complete control over how + when you spend your money, and all of your personal data.
This COULD be amazing , as long as it’s optional and cash and other cards still exist . I do NOT want this linked to digital ID such that we can have our money froze like the Canadian trucker protests or like the Chinese social credit links
Should IBAN transfer’s not already be instant?