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European banks to launch euro stablecoin in bid to counter US dominance (www.reuters.com)
submitted 11 months ago by to c/technology@lemmy.world
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[–] 4 points 11 months ago (3 children)

The digital euro will be centralized on the European Central Bank, so the transactions do not depend on some local banks. It's in direct competition with the banks themselves. But yeah, not that big a difference for the end user imho

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  • [–] 1 point 11 months ago (2 children)

    But a central bank shouldn't be in competition with its customers, the other banks. That's massively stupid

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  • [–] 1 point 11 months ago

    Well honestly I’m not quite sure I would not welcome the removal of some of the influence the banking sector has on us all. It is very predatory in nature all the lending and such. Additionally money is a limited resource so it is maybe not the worse thing to « nationalise »

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