80
From Athens, the ECB will announce the digital euro – How it will work (hellas.postsen.com)
submitted 1 year ago by sv1sjp@lemmy.world to c/europe@feddit.de
24 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] Tar_alcaran@lemmy.world 3 points 1 year ago

The actual work behind a private banktransfer is fractions of cents, including power. Technically you're correct, but in the real world, if you paid the real cost of all your private banktransfers, you could probably cover a years worth with a few nickel (if that).

I truly don't see the benefit of this for countries that already have a good banking system. Every benefit mentioned for this system has been available for years or decades in the Netherlands, or has a functionally identical equivalent.

But I see lots of advantages for people who don't have access to a cheap, good and easy banking system.

[-] FreeLunch@feddit.de 1 points 1 year ago

But aren’t the current fees some nickel per transaction, e. g., if you pay with a credit card? Why are the fees so high currently? I do not think that the banks have such a high margin.

[-] Tar_alcaran@lemmy.world 1 points 1 year ago

Credit cards are expensive, because their security measures can be circumvented by a moderately good photograph of one. You're paying for all the fraud getting compensated.

But a regular (first-party) bank transfer has no such overhead.

this post was submitted on 08 Aug 2023
80 points (100.0% liked)

Europe

8332 readers
1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

founded 1 year ago
MODERATORS
poVoq@slrpnk.net