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> no European country has been seriously committed to it I would argue several countries and the EU as a whole is seriously committed to it, but this commitmen
by tpm 2y ago
> no European country has been seriously committed to it
I would argue several countries and the EU as a whole is seriously committed to it, but this commitment comes with usual European caveats: it will be slow and expensive. But it is happenning.
https://www.bmi.bund.de/SharedDocs/pressemitteilungen/EN/2025/03/dvc.html https://www.bmi.bund.de/SharedDocs/pressemitteilungen/EN/202...
> American companies dominate payment systems.
I think SEPA dominates payment systems and anything else is only a layer above than can be replaced. And there are several widely used country-specific systems that are not American.
> Governments moving to sovereign services is not enough - if the US can cripple your private sector you are finished anyway.
Moving government services is a necessary first step.
> There is no easy, quick or cheap solution.
Yes.