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Europe@feddit.orgEnglish · 6 days ago

Visa and Mastercard handle nearly half of Europe's card payments. The digital euro aims to change that | Fortune

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Visa and Mastercard handle nearly half of Europe's card payments. The digital euro aims to change that | Fortune

CAVOK@lemmy.world to

Europe@feddit.orgEnglish · 6 days ago

The European Central Bank's €1.3 billion bet offers an alternative to the U.S. payments giants, but it faces an uphill battle to win over consumers, merchants, and banks.

Paywall? https://www.removepaywall.com/search?url=https%3A%2F%2Ffortune.com%2F2026%2F10%2F01%2Feurope-digital-euro-challenge-us-visa-mastercard-payments-dominance%2F

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Mihies@programming.dev
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6 days ago
Oh, even worse then. I vaguely remember that Taler was indeed backed up by EU but perhaps “backed up” is not correct phrasing.
- haagch@lemmy.world
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  5 days ago
  They do have a grant that is still active https://cordis.europa.eu/project/id/101135475
  
  But that doesn’t give them the legal ability to exchange Euro…

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