Bye bye Visa, Mastercard, Paypal, and many others. They can go and play “America First”. We’ll have our own independent system by november 2025.
Bye bye Visa, Mastercard, Paypal, and many others. They can go and play “America First”. We’ll have our own independent system by november 2025.
There are many private alternatives, but that is missing the point. An ECB backed digital coin takes away the private bank monopoly on printing digital money. It will be a great contribution to the commons and will decrease the power of private banks. It will also contribute to increased economic resilience.
I recommend reading the publications from positive money on this subject.
https://positivemoney.org/eu/publications/a-digital-euro-for-the-people/