Policy · 2h ago
EU Parliament Backs Digital Euro to Rival US Card Networks
The European Parliament has approved key legislation for a digital euro, aiming to reduce reliance on US payment giants like Visa and Mastercard. The central bank digital currency would be free for basic use and could launch by 2028. Critics raise privacy concerns over transaction monitoring.
Meridian48 take
The digital euro is less a tech innovation than a geopolitical play to assert EU payment sovereignty, but privacy trade-offs could limit adoption.
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Digital euro clears key hurdle as EU seeks to break free from U.S. credit cards →
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