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I think a driver is the idea of a European payment system. Why this should be "digital Euros" I don't clearly understand. We don't have digital USD, and we have
by nyeah 1y ago
I think a driver is the idea of a European payment system. Why this should be "digital Euros" I don't clearly understand. We don't have digital USD, and we have indigenous payment systems in the US.
- saubeidl 1y agoIsn't SWIFT a European payment system already?
- arielcostas 1y agoSWIFT is a communication layer, but banks still settle money via separate channels. Plus in many instances, international transfers may end up going through a US entity because of the USD's huge liquidity and volumes for FX exchanges; plus the largest banks being USAmerican.
- rekgjkjrh 1y agoCynical me thinks that someone had a meeting like "how are we going to sell this idea to people" and some consultant went "people like crypto, why don't we say it's a digital currency? The term is meaningless, so we're not technically lying".
- rsynnott 1y agoNah; there's a separate project for that, with SEPA Instant as the underlying tech. You don't need a 'digital euro' for that; the digital euro is more about having a way to transact without involving banks.