Afaik there is an idea that would allow anonymous person-to-person offline payments.
Whether that will actually get implemented is anyone’s guess. The plans aren’t specific enough yet to really know any of it will get implemented.
But bank transfers, credit cards or paypal are not anonymous either so it’s not like the digital euro would be worse than the status quo.
Yes bank transfers and credit cards aren’t anonymous, but that isn’t the point. The point is that a digital Euro is less anonymous than the physical Euro.
The details of your offline digital euro payments would only be known to you and the recipient. This offline functionality would combine the convenience of digital payments with cash-like privacy levels without the need for an internet connection.
There no final technical specifications yet, so claiming that it will not be implemented is pure speculation at this point.
Also, implementing the digital Euro does not mean abolishing the physical Euro.
You can still pay with cash.
Claims that the Eu wants to take away out cash are also not backed up by any evidence.
I’m not sure they can stop you buying it, but they can see what you bought, or at least who got the money.
While i do see your point, I’d rather have an European alternative to Visa today than the perfect digital euro in 10 years.
Preventing crime is a responsibility of a nation state, so being able to track money flows is a feature, not a bug.
It’s not worse than credit cards in that regard. But it’s not better either. It is worse than the physical Euro though.
It could and should be as anonymous as cryptos can be. Otherwise the EU / national governments can stop you from buying anything they deem illegal.
As an example imagine trying to buy something from your dealer with physical bills and coins vs the digital Euro.
The digital Euro is an alternative to other digital payment methods, nobody but conspiracy theorists is talking about abolishing physical cash.
With the lack of anonymity it’s still a bad alternative.
Afaik there is an idea that would allow anonymous person-to-person offline payments.
Whether that will actually get implemented is anyone’s guess. The plans aren’t specific enough yet to really know any of it will get implemented.
But bank transfers, credit cards or paypal are not anonymous either so it’s not like the digital euro would be worse than the status quo.
Yes bank transfers and credit cards aren’t anonymous, but that isn’t the point. The point is that a digital Euro is less anonymous than the physical Euro.
Again, anonymous payments are technically possible and the ECB at least claims that it wants to implement them:
There no final technical specifications yet, so claiming that it will not be implemented is pure speculation at this point.
Also, implementing the digital Euro does not mean abolishing the physical Euro.
You can still pay with cash.
Claims that the Eu wants to take away out cash are also not backed up by any evidence.
I’m not sure they can stop you buying it, but they can see what you bought, or at least who got the money. While i do see your point, I’d rather have an European alternative to Visa today than the perfect digital euro in 10 years. Preventing crime is a responsibility of a nation state, so being able to track money flows is a feature, not a bug.