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> it'll need to pick a value that doesn't blow up commercial banks as the article says, and even if does and chooses a very low deposit limit, it'll still cause

> it'll need to pick a value that doesn't blow up commercial banks as the article says, and even if does and chooses a very low deposit limit, it'll still cause stress. or, more likely, everyone in the EU will ignore this "digital euro" nonsense and it will just be another unnecessary waste of taxpayer money.

baq 1y ago
that's the best case scenario.
naldb 1y ago
How will you ignore it when they outlaw cash?
- logicchains 1y ago
  The EU doesn't have anything close to the police force necessary to enforce a cash ban in the face of public opposition, and doesn't have the money to pay for one.
  - ForHackernews 1y ago
    If there are no ATMs, and no shops accept cash, and they no longer mint Euro currency, what is there to enforce? This is effectively already the case in parts of Scandinavia.
    - logifail 1y ago
      > This is effectively already the case in parts of Scandinavia Ironically this isn't quite as consequence-free as some people thought: "In 2018 a former deputy governor of Sweden’s central bank predicted that by 2025 the country would probably be cashless. Seven years on, that prediction has turned out to be pretty much true. Just one in 10 purchases are made with cash, and card is the most common form of payment, followed by the Swedish mobile payment system Swish, launched by six banks in 2012 and now ubiquitous. Other mobile phone payment services are also growing quickly. In fact, according to the central bank’s annual payments report, published this month, Sweden and Norway have the lowest amount of cash in circulation, as a percentage of GDP, in the world. But in the context of today, with war in Europe, unpredictability in the US and the fear of Russian hybrid attacks almost a part of daily life in Sweden, life without cash is not proving the utopia that perhaps it once promised to be. Such is the perceived severity of the situation that the authorities are trying to encourage citizens to keep and use cash in the name of civil defence..." https://www.theguardian.com/technology/2025/mar/16/sweden-cash-digital-payments-electronic-banking-security https://www.theguardian.com/technology/2025/mar/16/sweden-ca...
  - mirko22 1y ago
    Can you elaborate why they would need more police to ban cash?
bondant 1y ago
I really don't understand the hostility here. The digital euro seems like a good way to reduce the power of companies like visa and mastercard, and reduce the fees too. If the government is providing a way to pay freely in a digital way, why would I pay a company to do the same (or worse, see the last scandal between the card companies and steam)?
- nyeah 1y ago
  1. You can easily have a local payments system without creating a new digital currency. So it's not hard to make people wonder, in perfectly good faith, why those two distinct ideas are being bundled right now. 2. Before you portray disagreement as "hostility," please try to keep the site code of conduct in mind.
- mirko22 1y ago
  What makes you think that card comapnies/steam scandal wouldn’t happen with digital euro. EU could easily put some constraints on money usage and they wouldn’t need to justify it to anyone… And the hostility probably come from experience with EU that makes decisions solely in interest of politicians and corporations instead of EU citizens in my opinion.

baq 1y ago

that's the best case scenario.

naldb 1y ago

How will you ignore it when they outlaw cash?

logicchains 1y ago
The EU doesn't have anything close to the police force necessary to enforce a cash ban in the face of public opposition, and doesn't have the money to pay for one.
- ForHackernews 1y ago
  If there are no ATMs, and no shops accept cash, and they no longer mint Euro currency, what is there to enforce? This is effectively already the case in parts of Scandinavia.
  - logifail 1y ago
    > This is effectively already the case in parts of Scandinavia Ironically this isn't quite as consequence-free as some people thought: "In 2018 a former deputy governor of Sweden’s central bank predicted that by 2025 the country would probably be cashless. Seven years on, that prediction has turned out to be pretty much true. Just one in 10 purchases are made with cash, and card is the most common form of payment, followed by the Swedish mobile payment system Swish, launched by six banks in 2012 and now ubiquitous. Other mobile phone payment services are also growing quickly. In fact, according to the central bank’s annual payments report, published this month, Sweden and Norway have the lowest amount of cash in circulation, as a percentage of GDP, in the world. But in the context of today, with war in Europe, unpredictability in the US and the fear of Russian hybrid attacks almost a part of daily life in Sweden, life without cash is not proving the utopia that perhaps it once promised to be. Such is the perceived severity of the situation that the authorities are trying to encourage citizens to keep and use cash in the name of civil defence..." https://www.theguardian.com/technology/2025/mar/16/sweden-cash-digital-payments-electronic-banking-security https://www.theguardian.com/technology/2025/mar/16/sweden-ca...
- mirko22 1y ago
  Can you elaborate why they would need more police to ban cash?

bondant 1y ago

I really don't understand the hostility here. The digital euro seems like a good way to reduce the power of companies like visa and mastercard, and reduce the fees too. If the government is providing a way to pay freely in a digital way, why would I pay a company to do the same (or worse, see the last scandal between the card companies and steam)?

nyeah 1y ago
1. You can easily have a local payments system without creating a new digital currency. So it's not hard to make people wonder, in perfectly good faith, why those two distinct ideas are being bundled right now. 2. Before you portray disagreement as "hostility," please try to keep the site code of conduct in mind.
mirko22 1y ago
What makes you think that card comapnies/steam scandal wouldn’t happen with digital euro. EU could easily put some constraints on money usage and they wouldn’t need to justify it to anyone… And the hostility probably come from experience with EU that makes decisions solely in interest of politicians and corporations instead of EU citizens in my opinion.