They didn’t have a competition at that time. People are lazy and spoiled by definition, you can’t expect masses to switch to an inferior solution (by reach I mean). That said, the payment system has to be rethought. Currently we are at mercy of big institutions. If we want it properly, it has to change, it has to be open and not controlled by any country/union/corp. Digital euro would solve dependency on foreign states (US) but won’t solve the other part.
They didn’t have a competition at that time. People are lazy and spoiled by definition, you can’t expect masses to switch to an inferior solution (by reach I mean). That said, the payment system has to be rethought. Currently we are at mercy of big institutions. If we want it properly, it has to change, it has to be open and not controlled by any country/union/corp. Digital euro would solve dependency on foreign states (US) but won’t solve the other part.
So your proposal to have the same reach as VISA and Mastercard on day one otherwise you won’t use it?
No. I’m saying if the proposal didn’t have reach at least across EU, people won’t switch. As for now, how can I, being outside those four countries?