From what I’ve read in other news, the digital euro wallet will have a hard limit on the amount you can store in it, something like 1000 euros for example.
Also, it needs to be linked to a physical euro bank account.
Those features combined prevent fraud and speculation. It’s mostly to be used as an online payment method to circumvent the Visa/Mastercard american payment duopoly.
I can confirm European banks are actively participating in the definition and implementation of the ‘digital euro’. So the ‘banks are fuming’ thing is bullshit.
From what I’ve read in other news, the digital euro wallet will have a hard limit on the amount you can store in it, something like 1000 euros for example. Also, it needs to be linked to a physical euro bank account. Those features combined prevent fraud and speculation. It’s mostly to be used as an online payment method to circumvent the Visa/Mastercard american payment duopoly.
I can confirm European banks are actively participating in the definition and implementation of the ‘digital euro’. So the ‘banks are fuming’ thing is bullshit.
Crypto-scam ‘companies’, on the other hand…