Digital euro: The plan to Trump-proof the EU's economies

AI Summary

The European Central Bank is preparing to launch a digital euro aimed at reducing the EU’s dependence on major payment providers like Visa, Mastercard, and Apple Pay. The success depends on creating an easy-to-use payment system without discouraging bank savings.

The EU’s central bank is preparing a digital euro to cut dependence on Visa, Mastercard and Apple Pay. Success hinges on giving consumers an easy-to-use payment system without prompting a flight from bank savings.