The EU will launch the digital euro as a 100% European digital payments system to replace reliance on Visa, Mastercard, and Apple and Google Pay, with the European Central Bank issuing a digital form of cash.
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The EU will launch the digital euro as a 100% European digital payments system to replace reliance on Visa, Mastercard, and Apple and Google Pay, with the European Central Bank issuing a digital form of cash. It will be built entirely in Europe, have zero transaction fees, instant payments, and strong privacy, giving the EU full control over its payments infrastructure.
Digital euro: what it is and how we will use the new form of cash
It’s January 1, 2029, the first day of the digital euro. You are in a shop buying milk and bread, and decide to pay with this new money. How exactly will it work?
(www.independent.ie)
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