fromwww.thelocal.com
3 weeks agoReplacement for cash? How the new 'digital euro' would work for Europeans
The electronic version of the money used in the 21-nation currency area would be available to use free of charge in shops, online or from person to person. Supporters say it would let Europeans make online payments without relying on US payment systems -- as Europe ramps up efforts to break its dependence on foreign firms including US giants such as Visa and Mastercard. Critics fear it would allow governments to surveil citizens' payments or even cut them off from the money supply.
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