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If I understand it correctly, Pix is the same as digital euro [1]. No common bank account needed, just move digital money from one to another wallet from the fe

If I understand it correctly, Pix is the same as digital euro [1]. No common bank account needed, just move digital money from one to another wallet from the federal bank. [1] https://www.ecb.europa.eu/euro/digital_euro/html/index.en.html https://www.ecb.europa.eu/euro/digital_euro/html/index.en.ht...

niemandhier 1y ago
The digital euro could be a huge thing: 1. It would free the eu economy from the hidden “credit card tax” that goes to us companies. 2. It would create a base to finally make the availability of digital payments mandatory.
- Eddy_Viscosity2 1y ago
  It naive to think that that digital currencies would somehow be free of fees, hidden or otherwise. Remember when streaming services were great because they offered an ad-free experience. Digital currencies will eventually have fees, and lots of them because they can be built-in and because people won't be given a choice. It will be a worse state than current credit cards.
  - andrepd 1y ago
    Apples to oranges. Digital Euro would be a public service maintained by the ECB, not a for-profit entity. Their interest is in maintaining transactions in the Eurozone as low friction as possible, not to bleed their customers dry after a monopolistic lock-in.
    - Eddy_Viscosity2 1y ago
      I hope you are right, but public services are routinely hijacked by the wealthy and powerful. I'm not that optimistic.
      - gilbetron 1y ago
        Private services start pre-hijacked by the wealthy and powerful.
- exiguus 1y ago
  If you think about it, it makes you independent of any bank. You simply don't need them anymore. Additionally, you can use the wallet from the federal or central bank to verify your age when making purchases. The downside might be—depending on how they implement it, but currently it's not looking good—that the wallet is no longer anonymous. This is a huge issue, in my opinion. GNU Taler [1] for example, might be a Software implementation that can be used for anonymous transaction with digital money (without blockchain). [1] https://www.taler.net/en/index.html https://www.taler.net/en/index.html
- Ekaros 1y ago
  POS will likely always cost something or be slightly annoying like having to use some stupid possibly unsecure app(I will never trust them, whatever you tell me). On other hand for consumer cards the fees are already in sub 1% range. Which to me sounds acceptable.

niemandhier 1y ago

The digital euro could be a huge thing: 1. It would free the eu economy from the hidden “credit card tax” that goes to us companies. 2. It would create a base to finally make the availability of digital payments mandatory.

Eddy_Viscosity2 1y ago
It naive to think that that digital currencies would somehow be free of fees, hidden or otherwise. Remember when streaming services were great because they offered an ad-free experience. Digital currencies will eventually have fees, and lots of them because they can be built-in and because people won't be given a choice. It will be a worse state than current credit cards.
- andrepd 1y ago
  Apples to oranges. Digital Euro would be a public service maintained by the ECB, not a for-profit entity. Their interest is in maintaining transactions in the Eurozone as low friction as possible, not to bleed their customers dry after a monopolistic lock-in.
  - Eddy_Viscosity2 1y ago
    I hope you are right, but public services are routinely hijacked by the wealthy and powerful. I'm not that optimistic.
    - gilbetron 1y ago
      Private services start pre-hijacked by the wealthy and powerful.
exiguus 1y ago
If you think about it, it makes you independent of any bank. You simply don't need them anymore. Additionally, you can use the wallet from the federal or central bank to verify your age when making purchases. The downside might be—depending on how they implement it, but currently it's not looking good—that the wallet is no longer anonymous. This is a huge issue, in my opinion. GNU Taler [1] for example, might be a Software implementation that can be used for anonymous transaction with digital money (without blockchain). [1] https://www.taler.net/en/index.html https://www.taler.net/en/index.html
Ekaros 1y ago
POS will likely always cost something or be slightly annoying like having to use some stupid possibly unsecure app(I will never trust them, whatever you tell me). On other hand for consumer cards the fees are already in sub 1% range. Which to me sounds acceptable.