spainrico

The digital euro is coming...

https://www.ecb.europa.eu/paym/digit.../index.en.html

Does anyone understand what this actually is?

Lagoo

From the webpage: "We are now starting to investigate what a digital euro might look like. This investigation phase will start in October 2021 and last last for about two years."

So it seems that so far even they don't know what it actually is

Notdunroamin

Sounds like a Euro bitcoin scheme to me.

SanNico

I think the idea is for easier payments at the business end of the market. It would make it easier for personal investors to gamble at high speed on currency markets, excluding the brokers.

For personal banking it sounds like a lot of nothing arriving 5 years too late. Why would I transfer my money from my bank to the ECB when I can continue use Apple pay or swipe my card?

I can't see the banks being happy giving the ECB even more powers either.

spainrico

Agree with you SanNico - we have very easy payment systems now (more insert/touch than swipe?) and I certainly do not want to rely on Brussels