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[QUESTION] Privacy and the digital euro
(lemmy.world)
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this post was submitted on 04 Jul 2024
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Privacy
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It still seems to be under heavy discussion. see this recent article: https://netzpolitik.org/2024/eu-council-discusses-digital-euro-and-how-much-privacy-should-it-be/
I assume the end result will be more privacy preserving than current commercial offers like Visa or Mastercard, but it will be a trade-off between what commercial data-brokers will be able to see and what the central bank will be able to see. Pick your poison I guess ๐
Realistically it might also become so bureaucratic that it will see limited uptake, but specifically for GNU Taler it might make it possible for a Taler intermediatory to exchange digital Euros for tokens in your Taler wallet without having a banking license, which could help Taler adoption a lot. But I guess the latter would depend on how usable the former is. Like if it is too bureocratic, then a separate payment system based on it could thrive, but if it is easy to use, then too few people would probably see the benefit of GNU Taler as an extra step.