Honestly this is a bit wierd. There already is payment network - SEPA. Many countries have instant bank transfers and i believe instant SEPA should be mandatory

Honestly this is a bit wierd. There already is payment network - SEPA. Many countries have instant bank transfers and i believe instant SEPA should be mandatory from 1. 1. 2026. There already are countries where it's extremely common to use QR payments (basically prefilled bank transfer). It's pushing VISA/Mastercard out. In typical european nature the first standard was SPAYD (short payment descriptor) from Austria/Czechia/Slovakia but yeah two years later Germany/Netherlands had to come up with their different format EPC QR. But who cares the differences are trivial - just different structure of the QR string. My bank app supports both. The only thing this system needs is mandatory notification system / api so the sellers can get fast confirmation of the payment. Then again some banks already do that so you just pick right bank as seller. Taking QR codes aside there is also Wero that is already running in many of the countries (Germany, Netherlands, Belgium, France). I am not sure what the hell is digital euro? Will they rename Wero to digital euro or whats going on?