5 ms·

Future goal of the "digital euro" is to get rid of the banks.

• seydor 9mo ago
  most people will use it through bank accounts , so not much difference
  • samus 9mo ago
    Traditional banks have already been severely disrupted by financial start-ups that only charge low fees. People will switch if they feel the cost pressure.
    • nly 9mo ago
      I don't know about the mainland but in the UK most fintech startups ultimately try to get a bank license and become fully fledged banks.
      • samus 9mo ago
        That's just the legal red tape to further encroach on the turf of traditional banks. They are still significantly cheaper.
• pipes 9mo ago
  The EU is planning on getting rid of banks ???
  • rsynnott 9mo ago
    Not so much ‘get rid of’, but you won’t need a bank account to use the digital euro.