dubakFeb 20

Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates

https://feddit.org/post/26070612

Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates - feddit.org

* ECB selecting banks that want to take part in pilot phase * ECB setup costs to reach around 1.3 bln euros, Cipollone says * Banks to pocket fees, won’t have to pay system costs to ECB * Merchants will also have an incentive in terms of cap on fees

Show threadhectorFeb 20
Sounds like a good idea to get away from mastercard and visa and the like. They are beholden to the US and will continue to abuse their market position for their callous goals. Not that the EU is a trustworthy player but they will at least have their own representatives trying to get over on them and not American ones.
Show threaddnubFeb 20

Banks = shit, not ALL but most.. right now we should be getting away from US, but wouldn’t be surprised when AI bubble pops we suffer repercussions because our banks also had money there

Plus. What’s this about fees? There shouldn’t be fees

Show threadKushanFeb 20
I think this is quite a naive perspective on banks. You don’t want them making investments, yet you also don’t want to pay fees? How is that supposed to work? Do you want to pay for your banking services directly?
Show threaddnubFeb 20
I don’t want them making high investments on foreign assets, don’t expose too much, invest within europe, why not invest in infrastructure building or maintenance? It’s infrastructure so it’s needed.. ROI is low? Probably because there’s less risk
Show threadKushanFeb 20
Surely they should be doing a bit of all of that, that’s how you reduce risk with investments.
Show threaddnub

Yes, lend money to people to buy houses or start businesses.. everything has risk but don’t expose too much to the inflated US market

Thinking that banks need to collect a fee for small money transfers it’s not seeing how big banks really are

Feb 21 at 6:58amWeb