• geissi@feddit.org
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    5 months ago

    The digital Euro is an alternative to other digital payment methods, nobody but conspiracy theorists is talking about abolishing physical cash.

      • geissi@feddit.org
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        5 months ago

        Afaik there is an idea that would allow anonymous person-to-person offline payments.
        Whether that will actually get implemented is anyone’s guess. The plans aren’t specific enough yet to really know any of it will get implemented.

        But bank transfers, credit cards or paypal are not anonymous either so it’s not like the digital euro would be worse than the status quo.

        • RedPandaRaider@feddit.org
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          5 months ago

          Yes bank transfers and credit cards aren’t anonymous, but that isn’t the point. The point is that a digital Euro is less anonymous than the physical Euro.

          • geissi@feddit.org
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            5 months ago

            The point is that a digital Euro is less anonymous than the physical Euro.

            Again, anonymous payments are technically possible and the ECB at least claims that it wants to implement them:

            An offline digital euro: cash-like privacy levels

            The details of your offline digital euro payments would only be known to you and the recipient. This offline functionality would combine the convenience of digital payments with cash-like privacy levels without the need for an internet connection.

            There no final technical specifications yet, so claiming that it will not be implemented is pure speculation at this point.

            Also, implementing the digital Euro does not mean abolishing the physical Euro.
            You can still pay with cash.
            Claims that the Eu wants to take away out cash are also not backed up by any evidence.