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Digital euro will complement cash, not replace it (www.eureporter.co)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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“If we want the digital Euro to become a success, we need a clear and convincing narrative of why we need it in the first place. People need to see the benefits of a digital Euro in their day-to-day lives. The European Central Bank and the European Commission have yet to make a compelling case of why we need the digital Euro and what added value it will deliver,” explained Markus Ferber MEP, the EPP Group Spokesman in the European Parliament's Economic and Monetary Affairs Committee.

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[–] [email protected] 3 points 1 year ago (1 children)

I've used the EC card in Austria, as well as Sweden and Italy without any issues.

[–] [email protected] 4 points 1 year ago (2 children)

When? Because until last month they still had Maestro on them. It's likely that you used that in those other countries unknowingly. EC is a distinctly German thing.

[–] [email protected] 2 points 1 year ago (1 children)

right my bad, yes ofc with maestro on it i thoguht ec was a general word for electronic payment with a debit card

[–] [email protected] 3 points 1 year ago

It's important to note that Maestro was just killed off by Mastercard. So now you'll need a Visa or Mastercard Debit Card. Which is probably one of the reasons why the EU would like a system that isn't dependant on these two US companies.

[–] [email protected] 2 points 1 year ago (1 children)

My Sparkassenkarte worked perfectly fine in the Netherlands just 3 weeks ago.

I didn't even know they killed Maestro and assumed it used that.

[–] [email protected] 2 points 1 year ago

They killed it at the end of June, so I assume it did still use Maestro.