Goodbye Visa Mastercard The D

· algieg's blog


The digital euro is a proposed digital currency backed by the European Central Bank (ECB) aiming to revolutionize digital payments in Europe. It will allow direct payments between users and merchants without intermediaries like Visa or Mastercard, potentially saving costs and increasing financial sovereignty for Europe. The digital euro is designed to be a public digital currency, similar to cash, offering privacy and innovation benefits. Concerns exist regarding potential central bank control over personal data and financial behavior, drawing comparisons to China's digital yuan. The ECB is in a preparatory phase, with a key decision expected later this year for a potential rollout between 2027 and 2028.

Current Digital Payment System Limitations #

How the Digital Euro Will Work #

Benefits of the Digital Euro #

Concerns and Criticisms #

Timeline and Implementation #

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