“If we want the digital Euro to become a success, we need a clear and convincing narrative of why we need it in the first place. People need to see the benefits of a digital Euro in their day-to-day lives. The European Central Bank and the European Commission have yet to make a compelling case of why we need the digital Euro and what added value it will deliver,” explained Markus Ferber MEP, the EPP Group Spokesman in the European Parliament’s Economic and Monetary Affairs Committee.
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Digital euro will complement cash, not replace it
For how long? The EU is also restricting cash payments as well as decentralized, privacy-respecting currencies like Monero through MiCA. At the same time, CBDC will open the gates of total control what you do with your money. Headlines like that are pure PR.
