Another reason to move to the digital euro is to circumvent the censorship on steam and various adult websites that credit card companies are imposing on us.
Comment on European banks to launch euro stablecoin in bid to counter US dominance
ideonek@piefed.social 1 day agoWell, I against the idea, but now you got me thininiking.
FurryMemesAccount@lemmy.blahaj.zone 16 hours ago
themurphy@lemmy.ml 21 hours ago
The purpose is to boost European companies. Right now they pay between 1-3% of every single transaction.
Next, banks will also get hit. If a digital Euro exists, bank transactions will go down, meaning less transaction fees for both consumers and companies.
Then there’s convinience. People will be free to transfer money across the continent, and also to friends and family without any costs (some countries have that, some dont).
VISA and MasterCard is just a very unneccesarry middle man in 2025.
Who takes the bill then? Well, the EU does, because they work for the people, and the money gained is much larger than money spent. Net positive matematics.