Visa, Mastercard, and PayPal dominate the cashless payments landscape in the EU and the European Central Bank warns about the region's reliance on US payment giants. But what alternative does Europe have?
Yes, the digital Euro looks even better. I was surprised that they would go for privacy (at least more privacy than other digital payment services) and offline transfers.
The problem is that it is even further away than Wero. We won’t get it until 2028 at the earliest, and I suspect it might take even longer, as many government projects do. Until then, I would rather use a European service than paypal or credit cards.
When the digital euro comes, it could arrive with a bang and wipe out a lot of other payment services.
I hope the digital Euro will help. It’s said to even have an offline function for privacy.
Yes, the digital Euro looks even better. I was surprised that they would go for privacy (at least more privacy than other digital payment services) and offline transfers. The problem is that it is even further away than Wero. We won’t get it until 2028 at the earliest, and I suspect it might take even longer, as many government projects do. Until then, I would rather use a European service than paypal or credit cards. When the digital euro comes, it could arrive with a bang and wipe out a lot of other payment services.