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EU Parliament: Compromise reached for digital euro
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this post was submitted on 06 Jun 2026
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Looking forward to the digital euro
I'll celebrate when I finally can ditch VISA and Mastercard. I already don't use them anymore domestically thanks to Twint, but as soon as I cross the border they are currently my only option (even for getting cash).
Had to google Twint. It's a Swiss payment app, right?
If I got this right, the recent Wero should be its €-equivalent (edit: eurozone, not € per se).
The digital euro on the other hand - again, if I understand it correctly - is digital cash. So to pay with it, you'd have to have a specific digital pocket for it and then exchange Swiss franc for euro/digital euro.
Yup, it's our home grown payment app that is widely accepted, from your local butcher and farm store to Mediamarkt and all major grocery stores.
Most of us have Euro accounts too, so exchanging money to use the digital euro abroad is no real issue. I go shopping for groceries and personal hygiene products in Germany once or twice per week.
Found the Basler
Wow no, just no!
I am nowhere near that ugly town.
I'm afraid this is just an excuse for mass surveillance. At least, getting rid of American services is definitely a win.
The EU is not the bad guy you are looking for. You are already being mass surveilled by Visa and Mastercard.
The EU are absolutely the bad guys if not kept on a short leash. I'm not very confident Chat Control would be stopped unless for the massive campaigning to educate them. They already want to weaken GDPR. Are we the US yet? No, but we all need to be very wary of the power creep. They are also looking into age-verification laws to protect the kids. Not all things EU are benevolent.
Completely agree. I'm hugely supportive of the EU, the things it has accomplished and the future potential. However, blindly agreeing with everything it does with black and white thinking is how we sleepwalk into our own authoritarian dystopia.
Sure, I do partially agree with that. But give parents better tools to monitor or restrict what their kids can access. Don't make every citizens online activity trackable. Just look at Texas what "nothing to hide" logic gets you; arrested for seeking abortion.
They are not... Today... I bet Americans said the same years ago.
Oh, they are absolutely the bad guy we are looking for. Constantly working on undermining our privacy rights on behalf of lobbyists from US companies and organisations competing against those US companies now mostly in control of our data, is neither good nor pro EU souvereignity.
Same. But if we somehow manage to make it not go to shit, it'd be just very strong and convenient imo. That's a big if ofc.
Well, the rollout is a bit sketchy but it looks like it could really work
Hopefully its not such a shit show like wero is now
Is it a shitshow? Afaik it's "just" super lackluster, missing vital functionality
I have four accounts that support wero. For each, its baked into the banking app. Each is totally different. While one can even generate qr codes for payment, the other only supports phone numbers from my address book, cant even input a number.
Oh, and it leaks my Iban if I actually pay with it.
@oats "it leaks my Iban if I actually pay with it"
What did you expect? Simply put, wero is just a convenient way to make a SEPA Instant Credit Transfer. Of course, the bank details will appear in the transaction history afterward. 🤷
You mean inconvenient. At this point, it's a lot less hassle just to use sepa instant.
I want to send you money.
"Hey, does your bank support wero? Great. I need your phone number. No, my bank doesn't support sending to emails. OK, I saved it to my contacts, I can now open my bank app and send you your 5€."
vs
"5€? Sure. opens banking app what's your iban? OK, done"
Yeah I think the biggest problem of Wero is that you need to use your bank app.
Bank apps are usually bloated and shitty, and each one works differently. Just give us a basic and standard Wero app.
There even is an official wero app, but you cannot use it when your bank offers wero in theirs.
In my opinion the whole thing with wero being tied to your checking account is stupid. Most people have one. And dont want to give out the account data to their primary salary to everyone.
lol