this post was submitted on 27 Sep 2025
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This just sounds like a regular bank transfer to another European bank...input recipient in your self-service online banking and press "transfer"...beep boop done.
What does this "digital" euro do that the existing euro (which is also perfectly working in digital space) solve?
The digital euro will be centralized on the European Central Bank, so the transactions do not depend on some local banks. It's in direct competition with the banks themselves. But yeah, not that big a difference for the end user imho
But a central bank shouldn't be in competition with its customers, the other banks. That's massively stupid
It is. That's why banks have publicly backed Wero in favor of the digital euro. It might also be a reason for the relatively low limits of the digital euro wallets, but that's just my speculation.