The governor of the Central Bank of Sweden comments our payment systems.
Here’s an AI translation of the text into English:
“Given the geopolitical situation, it is important to create European systems in a number of areas. This is according to Riksbank Governor Erik Thedéen in an interview with Ekot’s Saturday program, where he emphasizes that Sweden’s payment systems should not be as dependent on the USA as they have been. As an example, he points out that the two dominant credit card issuers, Mastercard and Visa, are American. ‘It is probably wise to consider that we should also have European or Swedish systems that function in case the American ones do not,’ he says. According to the central bank governor, Swish is ‘a certain complement.’ He also highlights that other countries, such as Denmark, have their own national credit cards.”
We need digital euro. There are advances, but it’s still going too slow.
Yup. This is the solution to US control of cashless transactions. The sooner the digital euro can be agreed upon, standardized and rolled out at the EU level, the better.
As a Romanian in a country still outside the Eurozone, I hope there’s provisions to allow us to use it for RON transactions while our economy is still too much of a mess to join.
Doesn’t this open up privacy issues?
Yes. They compare it to cash, but the FAQ specifies
Better systems include blinded signatures and ring signatures.
The amount of times I had my rent/bills bounce because my bank got frozen from anti money laundering AI bullshit that flags every single thing. God forbid you can afford to pay a friend’s car insurance