Article
The Digital Euro's New Chapter
The Digital Euro's New Chapter
Authored by Cláudia Ascensão Nunes via the Foundation for Economic Education (FEE),
For years, the digital euro was presented by the European Central Bank (ECB) merely as a modern and practical alternative to banknotes and coins. It has now been openly acknowledged that the project is intended to respond to the dominance of American payment companies. Visa and Mastercard process 61 percent of card payments in the euro area, according to the ECB’s own data, and it is this dependence that Brussels intends to break.
On June 23, the European...
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