Digital euro expected to launch by 2029 after EU backing
www.euronews.com
The digital currency is expected to launch by 2029, in a push to bolster European autonomy in payments away from the dominance of the US dollar.

Paving the way for a pilot version of the cash-like payment scheme next year, and fully launching by 2029

Supporters argue that it is critical to reduce Europe’s reliance on US payment systems, particularly Visa and Mastercard

  • WaxRhetorical
    41·
    27 days ago

    If you’re currently using VISA/MasterCard for these purchases, what changes? If you’re using some privacy-centric crypto or cash, again, what changes?

    • Libb@piefed.socialEnglish
      2·
      26 days ago

      The idea is to replace cash not VISA (Europe has been working working on its own system for years). Without cash I won’t be able to purchase anything anonymously (more or less so)