“It didn’t go unnoticed in Frankfurt that Visa and Mastercard suspended operations in Russia in March 2022 after the invasion of Ukraine……Thirteen of the 20 countries in the euro have no domestic card scheme. You use an international operator, or you pay in cash.”

It hasn’t gone unnoticed that the US is threatening to invade an EU country’s (Denmark) territory, either. Would a future President Trump or President Vance threaten to shut down European financial infrastructure if it opposes an annexation of Greenland? Who knows, but better to take away that opportunity for leverage.

The plan is that you can link it to your bank account or open a special account at post offices throughout the EU. There will be phone apps for payments and digital Euro debit cards. Visa/Mastercard & Apple/Google Pay typically charge 3% fees; the digital Euro will have none. That will ensure it is speedily adopted by retailers and quickly supplants the US providers. Also worth noting its technology will be 100% European only, leaving zero vulnerability/leverage to non-Europeans.

Digital euro: what it is and how we will use the new form of cash - The European Central Bank is determined to break the US grip on card payments

  • IronBird@lemmy.worldEnglish
    38·
    17 hours ago

    if you understood what i was trying to communicate it was spelled correctly

      • SkyeStarfall@lemmy.blahaj.zoneEnglish
        48·
        16 hours ago

        Eh, it pretty much is. Language is fluid and constantly changing, there isn’t really anything “right” or “wrong”. What’s “correct” in a language is essentially what people speak and write

        Sure, you have dictionaries and grammar rules and such, but they’re not prescriptive, they’re descriptive

        • nomy@lemmy.zipEnglish
          31·
          16 hours ago

          there isn’t really anything “right” or “wrong”.

          I’m familiar with the argument but I disagree with it. Every person learning a language disagrees with it. And every instructor I’ve had disagrees with it. The only people who seem to agree are the same people who misuse the language.

          • SkyeStarfall@lemmy.blahaj.zoneEnglish
            11·
            10 hours ago

            That’s a very strong use of “every”. English isn’t my primarily language either, you know

            And no, in fact, I’ve heard most people who have a degree en english, linguistics, whatever, to disagree with your position. Language is how it’s used, not what it’s supposed to be. Otherwise we would always have had one singular language, forever, and no dialects either

          • Log in | Sign up@lemmy.worldEnglish
            11·
            13 hours ago

            Do you always use literally literally, and are you careful not to talk about the enormity of perfectly innocent large things?

            Language changes. People make mistakes. Neither is worth getting too upset about.