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> Economists would surely love the anonymised spending data, were it to be made available. They could get this from banks already. > Retailers would presumabl
by heartbeats 4y ago
> Economists would surely love the anonymised spending data, were it to be made available.
They could get this from banks already.
> Retailers would presumably save by not having to pay fees to Visa, MasterCard, Stripe, etc.
These are already low in Europe due to regulation.
- redeyedtreefrog 4y ago> They could get this from banks already. No they can't. > These are already low in Europe due to regulation. For sure, it's not going to save vast amounts of money. The original comment said "I already have a digital pound in my bank account". I am merely pointing out that though it may seem entirely frictionless and free to spend online already, there are costs involved.
- heartbeats 4y ago> No they can't. What do you mean "can't"? My bank certainly has the information, since I can see it online if I log in. Of course they would have to change the law, but this also goes for the digital pound.