GNU Taler begins operating in Switzerland, distributed by the Taler Operations AG. Gnu Taler aims to be a “digital wallet” and has been used by the swiss national bank as well as the european national bank as a example for how a digital currency handed out by the state could work. It aims to be as privacy preserving as cash for the buyer while not allowing the seller to evade taxes.
Currently the Taler is brought out by a special organisation, the “Taler Operations AG”, and not the national bank, although both the national bank as well as the Taler Team have shown interest in a official digial currency by the national bank based on the Taler. But we need to relativate as the national council has stated that the introduction of a digital currency would probably take relatively major legislative changes and therefore take a bit of time.
Could this be scaled to other European countries?
Shouldn’t we gather feedback first from that experiment before scaling up?
Been waiting for Taler for ages. I’m ready now, you wait 😝
Also… I’m wondering what that means in practice because if it’s online infrastructure then… it can be operating in Switzerland but both sellers and buyers, remotely or face-to-face, can rely on it to exchange money.
So… what are the limitations at the moment, both technically and legally?
I’m all for it.
I mean. Someone will have to maintain the same kind of infrastructure that visa and mastercard does. It would require a monumental amount of investment. Not to mention that it can, under no circumstances, go down during peak use.