This sounds great but will be counterproductive to any progress EU wishes to have in digital technology. India have UPI and while that also on the surface soun

This sounds great but will be counterproductive to any progress EU wishes to have in digital technology. India have UPI and while that also on the surface sounds great it's filled with all sorts of wacky rules for implementation (on thing is that you have to show it prominently on the first page). The primary issues is that it will basically be competing with a lot of private companies and thus once again hinder the ability for many startups to get off the ground because they are in competition with the government. The never ending problem of the EU, they try to solve problems politically that the market is perfect for.