Digital Euro Nears Launch as ECB Enters Final Preparation Phase \ stacker news ~news

Digital Euro Nears Launch as ECB Enters Final Preparation Phase

831 sats \ 19 comments \ @TomK 24 Sep news

The European Central Bank (ECB) is edging closer to rolling out the digital euro, with the final preparation phase expected to last another year. According to ECB Executive Board member Piero Cipollone, the project has been in the works since 2021. Speaking before the European Parliament’s Economic and Monetary Affairs Committee, Cipollone confirmed that the ECB is now midway through its preparation, aiming for completion within 12 months.

Maybe the gods of finance send us the collapse of this shitcoin before this happens...

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78 sats \ 0 replies \ @Coinsreporter 24 Sep

How stupid all this drama about CBDC is! There's no difference in CBDC or Cash or card. It's just all governments are now feeling desperate and some of the wise ones may know that Bitcoin has already started changing the money landscape, would buy with the CBDC Bitcoin.

47 sats \ 1 reply \ @jerrybature 24 Sep

Governments all over the world, supply products that the market will never demand (e.g., CBDC), then use force to pressure citizens into adopting and using their undemanded products. Unfortunately, most citizens comply.

0 sats \ 0 replies \ @TomK OP 24 Sep

We have no democracy. It's a caste of parasites and degenerates that sucks our energy out of our pockets but the lazy herd doesn't even listen to those who offer a better solution

47 sats \ 1 reply \ @a40ecaacec 24 Sep

I’m not convinced the digital euro will become a reality. Many people are opposed to it, and even some politicians don’t want it. If it’s forced upon everyone, I still don’t think people will use it. This isn’t because people understand the nuances, but rather because old habits are hard to break. A similar thing has been observed in China and Africa. There is a big difference between using something a few times and fully adopting it.

0 sats \ 0 replies \ @TomK OP 24 Sep

The good thing is that use 80% cash here in the south

47 sats \ 0 replies \ @0xbitcoiner 24 Sep

I'm not the one who's going to use it, but I have to admit that CBDCs are very good for governments and it's certainly only a matter of time before they're forced to use them. This is the worst, programmable state money is total control over the population. With CBDC it is possible to limit, for example, food purchases within a radius of 10 km (in covid this was implemented for sure).

47 sats \ 6 replies \ @Catcher 24 Sep

I don't believe it will work in Germany =)

21 sats \ 4 replies \ @Doktor 24 Sep

I would not sign this. Germans love payback engagements. If their are benefits like any dump points at the supermarket cashier for getting some dishes from WMF cheaper... The Germans will use it

68 sats \ 1 reply \ @SpaceHodler 24 Sep

Yes, they could incentivize it with cashback... subsidized by taxes (or money printing).

60 sats \ 0 replies \ @Catcher 24 Sep

Well, that's interesting, they can also make a promotion - like convert your bank account to cbdc and receive an extra 100 EUR :)

47 sats \ 0 replies \ @Catcher 24 Sep

Well, could be, who wouldn't want extra points on their payback app 😁

0 sats \ 0 replies \ @02bcd3eeb0 25 Sep

Germans also love complying and following rules.

0 sats \ 0 replies \ @TomK OP 24 Sep

They follow their god, the state, into the next desaster

47 sats \ 2 replies \ @Satosora 24 Sep

A digital euro? That way they can add the zeros without even printing. How amazing is that???

20 sats \ 1 reply \ @TomK OP 24 Sep

It's beautiful. And it's their end game.

0 sats \ 0 replies \ @Satosora 24 Sep

Yes, I can tell. I hope people arent sheep.

21 sats \ 0 replies \ @stack_harder 24 Sep

i mean, obvs govs would love this, although i presume people will have a choice (Europe not quite that bad yet)

then again, if i was the gov, i would make anyone receiving any kind of state benefit etc have to have the digital euro since it could be programmed and make it impossible for anyone to abuse the system. like if mums are getting child assistance, program that shit to be only spendable on things actually for kids, baby food, diapers etc. stop irresponsible people using their kids as milking cows

0 sats \ 1 reply \ @teemupleb 24 Sep

I remember they were exploring building the CBDC on the Chaumian e-cash model, and David Chaum himself was consulting them?

I wonder if those plans are still at play.

0 sats \ 0 replies \ @TomK OP 24 Sep

Interesting. Something I will have an eye on. Otherwise these idiots are clueless. This gives me hope