Meanwhile my Bank is switching from Maestro (USA) to VISA (USA) for my everyday debit Card, and i must accept the change until September. I guess i have to find a new Bank after so many years.
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Why does it matter to you?
Because i don't want to use Visa for my daily expenses. They get a cut from shops.
Explain this to my dad, he is almost 60 years old, barely knows how to use his smart phone! Like others mentioned, last time I saw the news, they where still confused and having conversations. What did it change?
He won't need much explanation if he feels he can trust the ecb since they want a system that works like we have now (with a card and an app/website).
What's wrong with your dad if he can't use a smart phone being almost 60?
My attention will be on the selection of providers, planned for Q2 2025. If non-EU (and I would personally exclude also non-Eurozone, because incentives) providers are allowed in the infrastructure, especially American, Israeli or Chinese, the whole thing is not only a joke, but an extremely risky operation.
Digital euro uh, only matters to the government and banks. Lower cost of production I'm sure. No need to store physical cash for banks.
For citizens, it's not like we haven't been using bank cards and apps this whole time. We just have been linking our payments to a bank account we hold digitally on our phones.
So, this isn't a big change for citizens. Just a lower cost for production.
if we can keep using cash mostly anywhere, this is good news