Comment by throwaway473825
2 months ago
That's a commercial service backed by some European banks. It's not at all comparable with a non-profit service like Brazil's Pix.
The closest EU equivalent would probably be the planned digital euro, but the banks are fighting tooth and nail to prevent that.
Not only that - ECB, EU Comission / Council also supporting it.
Though, most of the shares belong to major EU banks, yes.