this is a struggle against Visa and MasterCard that dictate their own rules... with the emergence of digital euro they will be able to negotiate from a more advantageous position
Miskin Wallet
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Digital Euro: Prepare for a Cashless Life
The European Central Bank announced: a digital euro may appear as early as 2025. Not just a 'digital equivalent', but a real tool for replacing cash.
ECB President Christine Lagarde states outright: the digital euro is a response to stablecoins and the threat of dollarization, as well as a step towards strengthening control within the EU.
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What does this mean? • Cash is being displaced. According to estimates, for every €10 of digital currency, up to €5 of 'paper' money could be withdrawn from circulation. • Volume — up to €256 billion. This is not a test. This is a serious reboot of Europe’s monetary system. • Everything will be under control. Which means — transparency, tracking of expenses, usage restrictions… and possibly sanctions for 'inconvenient' activities.
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And why should this concern us?
Central Bank Digital Currencies (CBDCs) are not crypto in a Sharia sense. They are centralized. They do not belong to you. They can be turned off.
This is not technology for convenience. This is technology for control.