Digital Euro 'only defence' against deepening US control of money

ft.com

11 points·rorylawless··6 comments

> Digital Euro 'only defence' against deepening US control of money

And who, they think, control the OSs and apps where those money would be processed ? (Microsoft, Google, Apple, Linux)

The bureaucrats arguing in favor of this seem to conflate standardized payment gateways with the digitalization of euro itself, which has its only real selling point in being 'traceable cash'.

To secure strategic autonomy and break the MasterCard/VisaCard duopoly in the EU - as these bureaucrats wish - either build up a European alternative or regulate something like Austria's EPS for the entire EU-area into existence.

I agree. Here in Argentina we have at least two alternative methods for instant transfer, mostly scanning a QR:

* Modo: It's like an alliance of the banks or something, I'm not sure. (Perhaps it's Visa with the layer of white paint of top.)

* Mercado Pago: It's the we-are-not-a-bank service of Mercado Libre, that is the local version of Amazon

* Direct transfer in the app of the bank.

Once again, Eurocrats gaslight the public into accepting dystopian surveillance and control mechanisms.

They love to make Trump a boogieman, too.

as useful idiots go, he’s surprisingly versatile

Reply on news.ycombinator.com