Not all good, but sounds like an upgrade.
I bet this is a big motivator:
"Limiting the spread of foreign digital currencies to safeguard the financial stability and monetary sovereignty of the Eurozone"
You want your currency to be the convenient one.
Man wish would could have something like that here in America.
I don't think anything would prevent a site from accepting digital euros from everyone. If you're in the us, your local grocery store is perfectly free to accept any currency they want, and you're free to spend any currency you want. If you and your local grocery store agree on it then it's perfectly legal for you to buy an avocado from them for 1 euro.
Yeah, the law just says that you must accept US currency for debts owed. Doesn't say you have to accept it for everything.
Yeah by law you must accept us dollars, but you're allowed to accept anything else you want in addition
Only for debts owed. That's how stores can say they only accept credit card. If you're just buying something, a store can refuse US currency.
What about GNU-Taler?
IIRC it had a weird sort of quirk where funds inside your wallet can "expire", which is a bit of a hard sell imo.
That would indeed be strange. I hadn't read anything about it before, but I hadn't really looked into GNU Taler yet either. It just sounds promising to me because it's FOSS and aims to break the monopoly of payment service providers so we can finally get away from US companies.
I'm not sure that's Taler's goal really. Ultimately if you don't want to use Visa or MasterCard you already can, through instant SCT for example. IIRC that is mandatory to be supported by all banks soon. This does require a SWIFT connection, but I don't think getting an alternative for that is on the cards anytime soon.
Taler is still a cool project though, and I'm interested to see where it goes next. IIRC it's main advantage is privacy, though I wonder how certain KYC/money-laundering checks are supposed to happen.
This does require a SWIFT connection
Do you mean SEPA?
Good point, technically it's a SEPA conenction but they use basically the same ISO messages as SWIFT, and typically use the same endpoints too. It's quite rare to find a bank that does SEPA but not SWIFT on the same channel for example.
The only (big) difference is that SEPA is controlled by the EU, while SWIFT it isn't
Sheesh, that would boost "economy" to no ends, all billionaires would salvate at the thought of the plebs having expiring currency, it would be impossible to boycott
That expiry feature was actually scrapped in the final proposal - the ECB confirmed last year that Digital Euro holdings won't expire, they just capped the max amount at โฌ3,000 per person to prevent bank runs (which is still pretty resonable for everyday transactions).
I don't think Taler is the same thing as the digital Euro, is it?
First time I hear about it. Interesting concept though a bit complicated with fees, need to have wallet offline for a short periods, no periodic payments etc. Nevertheless, it'd be nice for merchants to accept it.
So....... GNU-Taler is not gonna be used ? Fuck my life
As for banking systems, there are FOSS Core-Banking-Systems like Apache-Fineract
So is this what came out of the EPI (European Payment Initiative) from a couple years back, or is that dead in the water, or are they in competition?
We'd be better off just using cash more.
Where do I put the money into my phone and or pc
Digital euro is a lot like virtual cash
Nobody skimming a percentage off the top?
Probably not
After card payments it became much safer for small family owned shops, because if someone empties the cash register, the shop is still not out of business.
Food for thought
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