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So its not really about a digital euro and is actually about ECB doing private banking?
by tokai 1y ago
So its not really about a digital euro and is actually about ECB doing private banking?
- nabla9 1y agoNo. Private banking refers to for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income or substantial assets. This is ECB giving normal people direct access to ECB money past banking.
- carlosjobim 1y ago> This is ECB giving normal people direct access to ECB money past banking. That's one way of saying "This is normal people giving the ECB direct access to their finances past banking." Let's not forget who is the wolf and who are the oxen in this business.
- nabla9 1y agoWolf: private banks. Oxen: small worth individuals. Savior: ECB who gives individuals same access to ECB accounts as banks have.
- rsynnott 1y agoIt's about people being allowed to have accounts with the ECB rather than a bank, in practice. Euros are, of course, already basically 'digital'.