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233

The Digital Euro: Decoupling from PayPal, VISA & Mastercard (www.ecuradio.eu)

submitted 2 days ago by [email protected] to c/[email protected]

29 comments fedilink hide all child comments

From the 7th of April to the 9th, the European Central Bank spoke extensively about the Digital Euro, expressing hope about its potential and publishing an update of its rulebook. Its President, Christine Lagarde, also called for it, wishing to end European reliance on international payment solutions providers such as VISA, Mastercard, PayPal, Stripe and others.

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[–] [email protected] 10 points 21 hours ago

No need to dumb it down; you got the gist of it. But I'm going to do my worst to make my "explanation" as ridiculous as possible.

get bank account

get euro monies in said account

go to bank again

open linked account for digital euro monies

from bank app, convert euro monies into digital-euro monies

1 euro monie = 1 digital euro monie

send digital monies to anyone in Europe with no middle man, instantly; receive monies, too.

buy and sell with digital monies, in Europe, no assle

have digital Euro monies in linked account

want to buy breakfast with Euro monies

convert digital Euro monies to euro monies

1 digital euro monie = 1 euro monie

go to ATM, insert card, take euro monies out, get euro monies bill

go to cafe, get coffee and croissant, pay with euro monies

I laughed too many times writing that. I'm ridiculous and deserving of your scorn.

I'll see myself out.