Comment on European banks to launch euro stablecoin in bid to counter US dominance
divingdonkey@sh.itjust.works 1 day agoThe digital euro will be centralized on the European Central Bank, so the transactions do not depend on some local banks. It’s in direct competition with the banks themselves. But yeah, not that big a difference for the end user imho
exu@feditown.com 1 day ago
But a central bank shouldn’t be in competition with its customers, the other banks. That’s massively stupid
divingdonkey@sh.itjust.works 1 day ago
It is. That’s why banks have publicly backed Wero in favor of the digital euro. It might also be a reason for the relatively low limits of the digital euro wallets, but that’s just my speculation.
a4ng3l@lemmy.world 1 day ago
Well honestly I’m not quite sure I would not welcome the removal of some of the influence the banking sector has on us all. It is very predatory in nature all the lending and such. Additionally money is a limited resource so it is maybe not the worse thing to « nationalise »