Comment by Eddy_Viscosity2
2 months ago
It naive to think that that digital currencies would somehow be free of fees, hidden or otherwise. Remember when streaming services were great because they offered an ad-free experience. Digital currencies will eventually have fees, and lots of them because they can be built-in and because people won't be given a choice. It will be a worse state than current credit cards.
Apples to oranges. Digital Euro would be a public service maintained by the ECB, not a for-profit entity. Their interest is in maintaining transactions in the Eurozone as low friction as possible, not to bleed their customers dry after a monopolistic lock-in.
I hope you are right, but public services are routinely hijacked by the wealthy and powerful. I'm not that optimistic.
Private services start pre-hijacked by the wealthy and powerful.