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Full text of that page: A digital euro The digital euro would be like euro banknotes, but digital. It would be an electronic form of money, issued by the Euro
by DemocracyFTW2 4y ago
Full text of that page:
A digital euro
The digital euro would be like euro banknotes, but digital. It would be an electronic form of money, issued by the Eurosystem (the ECB and the national central banks of the euro area), and would be accessible to all citizens and firms.
A digital euro would not replace cash, but rather complement it. A digital euro would give people an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion.
One wonders for what reason this page exists at all—other than to ensure us our leaders are keenly aware of the unquestionable necessity in this age and day to write DIGITAL in capital letters all over the place.
No '/s' I mean it, these are people who rip out perfectly functioning systems that have been in place for many decades only to replace them with more crappy, more vulnerable but at-least-hey-it's-DIGITAL systems.
Our train networks used to have people everywhere, on the yards, in the signal boxes. Signals were controlled electrically, and in many cases, mechanically with pull wires. Now it's no-man's land, centrally controlled. One could've added digital to the mix as an additional safeguard. But no that would've meant to employ people and obviously, we can't have that. We must do everything in a centralized way with as many staff as possible, because centralized systems with single points of failure hooked up to the internet and responding to RF signals are inherently much safer than analogue, distributed systems. I mean, obviously, right?
At least in this case, they seemingly do the right thing by assuring us that the digital Euro would complement, not replace cash. That said, there's an ungood tendency already of politicians to call for the abandonment of cash because it's so archaic and of course that we can now do much better, with computers. Right, until the network or the grid is down. As long as they're not, we already have digital ways to pay and transfer money, so one wonders what an expressly 'digital Euro' would add to the mix.