The EU wants to get its hands on your money: everything you need to know about the digital euro. скачать в хорошем качестве

The EU wants to get its hands on your money: everything you need to know about the digital euro.

The digital euro would be an electronic version of the euro, issued and backed by the ECB, designed to complement cash and current digital payments. It would function as a digital wallet or app, enabling fast, secure, and accessible payments throughout the eurozone, both in physical stores and online. Advantages of the Digital Euro: 1. Accessibility: It would facilitate payments for people without access to bank accounts, promoting financial inclusion. 2. Security: Being backed by the ECB, it would offer maximum trust, reducing fraud risks. 3. Efficiency: Instant transactions without intermediaries, which could lower costs for users and merchants. 4. Relative Privacy: Although supervised, the ECB promises options to protect data in certain cases. 5. Global Competitiveness: It would position Europe against other countries' digital currencies, such as the digital yuan. 6. Support for Cash: It does not seek to replace cash, but rather to complement it in a digital world. Disadvantages of the Digital Euro: 1. Limited Privacy: Transactions could be traceable, raising concerns about surveillance. 2. Technological Dependence: It requires devices and an internet connection, which could exclude some users. 3. Risk for Banks: It could reduce deposits in commercial banks, affecting their lending capacity. 4. Cybersecurity: Although secure, no system is immune to cyberattacks or technical failures. 5. Slow Adoption: Resistance to change and lack of knowledge could hinder its use. 6. Initial Costs: Implementing it would require a large investment in infrastructure and education. The digital euro promises to modernize payments, but it also poses challenges. What do you think? Do you think it will be a success or do you prefer cash? Leave us your comment, subscribe, and click the bell for more content on economics and technology. See you in the next video!