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Digital euro will complement cash, not replace it (www.eureporter.co)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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“If we want the digital Euro to become a success, we need a clear and convincing narrative of why we need it in the first place. People need to see the benefits of a digital Euro in their day-to-day lives. The European Central Bank and the European Commission have yet to make a compelling case of why we need the digital Euro and what added value it will deliver,” explained Markus Ferber MEP, the EPP Group Spokesman in the European Parliament's Economic and Monetary Affairs Committee.

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[–] [email protected] 3 points 1 year ago

I play with crypto (don't kill me) and it's insane to see how I can send/receive funds between family members in a non-EU country with ~0 fees via a public, open source network AND the funds are there within seconds/minutes depending on network traffic.

Imagine travelling to countries without the euro and MasterCard or Visa doesn't take 3% on the official exchange rate for each of your purchases.

Sure there are new challenges and risks, but the benefits are there too.