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Mmastodon WorldEU Politics first seen 1 d ago, last 1 d ago, peak #4

EU pushes digital euro to cut reliance on Visa and Mastercard

Original: # DigitalerEuro gegen # Visa und # Mastercard : # EU will unabhängiger von US-Zahlungsdiensten werden.

The European Union is moving forward with plans for a digital euro, aiming to reduce Europe's dependence on US payment services such as Visa and Mastercard. Supporters argue a state-backed digital currency would strengthen European payment sovereignty and give consumers a home-grown alternative. Critics worry about privacy and the impact on commercial banks.

Why now: Ongoing EU legislation and debate over strategic autonomy in payments has put the digital euro back in the headlines.

European Uniondigital euroVisaMastercard

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