overall it's a huge win. In Germany we effectively already have an eID system as an extension of your national ID and you could use it to for example trivially get covid relief funds as student or you can use it to age verify when buying say, booze on Amazon.
The status quo of typing your personal information into random websites only to find them on haveibeenwpnd a few months later rather than having a proper API between your identity and private services is just awful.