79
EU Parliament: Compromise reached for digital euro (www.heise.de)
submitted 1 day ago by EatingOnions@lemmy.world to c/europe@feddit.org
47 comments fedilink hide all child comments
all 48 comments
sorted by: hot top controversial new old
[-] Ooops@feddit.org 17 points 1 day ago

"The biggest hurdle in the negotiations was likely whether the new means of payment should function exclusively online or also independently of an active internet connection."

How can this even be a question? As long as governments don't give me free internet access and the minimum of required hardware making it online only would be rediculous. Either it's a working system for all citizens not just those who can afford it or it's a conceptional stillbirth.

[-] Mubelotix@jlai.lu 5 points 1 day ago

It is technically impossible to make it function without the internet. It's called the double spending problem and it can only be solved with some sort of global consensus state

[-] Besen@feddit.org 1 points 20 hours ago

They will probably use secure elements (a small, tamper-resistant chip in your phone) and limit transaction amounts when you're offline. As long as the other party has an internet connection, it will be impossible to double spend. There may also be a warning about an increased risk if you attempt an offline transaction. However, if there is no internet access and the fraudster is able to inevitably spoof/emulate/attack a secure element, the security mechanisms would fail and a double spend would be possible. This will be detected as soon as internet access is available again. As it requires a personal presence, the police should be reasonably capable of fighting such crime.

[-] Mubelotix@jlai.lu 2 points 19 hours ago

As long as the other party has an internet connection, it will be impossible to double spend

This is online not offline

Look if the tech is shitty enough to require installing facial recognition in every single store it will cause enormous amounts of problems

[-] Ooops@feddit.org 1 points 1 day ago

How do banks work then? Transfers in cash? Or does that global consensus state in fact not rely on realtime communication?

[-] Mubelotix@jlai.lu 2 points 1 day ago

Banks form a network. Information is easier to copy than raw materials. Optic fiber is fast you know

[-] Ooops@feddit.org 2 points 18 hours ago

And the digital euro is not connected to a bank? The digital euro is supposed to be a souvereign EU way of paying independent from 3rd party providers, yet somehow they can't do what they can for 'technical reasons'? Where is the digital euro actually happeneing? In some magical cloud that is totally not just someone elses (...a banks ...) computer? Ffs... ages ago we sorted out the "double spending" problem to pay with just our signature, yet now it's technically impossible without a constant internet connection...

[-] colourlessidea@sopuli.xyz 1 points 1 day ago

How do payments on planes work?

[-] Mubelotix@jlai.lu 2 points 1 day ago

You can scam the company, but if you do they know who you are and come after you. Which is not compatible with privacy

[-] wizzor@sopuli.xyz 1 points 1 day ago

Poorly. The transactions clear when the plane lands, and this is a significant headache for airlines. More modern airlines have satellite internet onboard for this purpose, but it costs a lot to install on an airframe.

Source: worked in payments and asked an airline head pilot.

[-] leagman1@feddit.org 16 points 1 day ago

Looking forward to the digital euro

[-] comrade_twisty@feddit.org 19 points 1 day ago

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).

[-] leagman1@feddit.org 11 points 1 day ago* (last edited 1 day ago)

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.

[-] comrade_twisty@feddit.org 7 points 1 day ago

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.

[-] FlowerFan@piefed.blahaj.zone 1 points 1 day ago

Found the Basler

[-] comrade_twisty@feddit.org 2 points 1 day ago

Wow no, just no!

I am nowhere near that ugly town.

[-] iammike@programming.dev 15 points 1 day ago

I'm afraid this is just an excuse for mass surveillance. At least, getting rid of American services is definitely a win.

[-] john_t@piefed.ee 12 points 1 day ago

The EU is not the bad guy you are looking for. You are already being mass surveilled by Visa and Mastercard.

[-] HereIAm@lemmy.world 11 points 1 day ago

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.

[-] Barbarian@sh.itjust.works 5 points 1 day ago

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.

[-] john_t@piefed.ee 2 points 1 day ago* (last edited 1 day ago)

They are also looking into age-verification laws
They should! Call me old fashioned but kids really shouldn't be on Facebook, Instagram, Tiktok, etc. It's just turning them into sociopaths manipulated by billionaires.

[-] HereIAm@lemmy.world 1 points 1 day ago

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.

[-] dieTasse@feddit.org 4 points 1 day ago

They are not... Today... I bet Americans said the same years ago.

[-] Ooops@feddit.org 2 points 1 day 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.

[-] leagman1@feddit.org 1 points 1 day ago* (last edited 1 day ago)

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.

[-] HenriVolney@sh.itjust.works 2 points 1 day ago

Well, the rollout is a bit sketchy but it looks like it could really work

[-] oats@piefed.zip 2 points 1 day ago

Hopefully its not such a shit show like wero is now

[-] leagman1@feddit.org 1 points 1 day ago

Is it a shitshow? Afaik it's "just" super lackluster, missing vital functionality

[-] oats@piefed.zip 4 points 1 day ago* (last edited 1 day ago)

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.

[-] Scrollone@feddit.it 2 points 19 hours ago

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.

[-] oats@piefed.zip 2 points 18 hours ago

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.

[-] KurtVonnegut@mander.xyz 10 points 1 day ago* (last edited 1 day ago)

There is no "reject all" option for the cookies on this website?

[-] Scrollone@feddit.it 1 points 19 hours ago

The real trick is using Firefox (not Chrome-based browsers) + uBlock Origin and enable the annoyances > cookie banners filter.

Enjoy a better internet!

[-] oats@piefed.zip 12 points 1 day ago

In Germany its legal to demand payment for reject all, that's what you're seeing at heise 🤡

[-] dubak@feddit.org 29 points 1 day ago* (last edited 1 day ago)

It's illegal in EU. There is an ongoing complaint against Heise submitted to Data protection authority in North Rhine-Westphalia. Just because the responsible authority has been dragging out the decision for four years, doesn't make it legal.

[-] oats@piefed.zip 13 points 1 day ago

Thought heise already won in lower courts. Tbh I dont care too much, I trust ublock way more than any reject button anyways

[-] dubak@feddit.org 6 points 1 day ago

Heise.de is a crap source. Just downvote it. Barrier-free sources will be posted throughout weekend as they become available.

[-] HumbleExaggeration@feddit.org 7 points 1 day ago

Puh, the roadmap reads like a 5 year plan. I thought the digital euro was way closer to being introduced. Wasn't there news about it starting in early 2027 a few month back?

[-] HenriVolney@sh.itjust.works 6 points 1 day ago

That would be Wero, a private alternative of some sort

[-] Scrollone@feddit.it 1 points 19 hours ago

Too bad Wero decided to make you use your bank app. That's the most stupid decision ever.

[-] EatingOnions@lemmy.world 6 points 1 day ago

As far as I know it was always meant to be launched in 2029

[-] FiskFisk33@startrek.website 3 points 1 day ago

Lol I can't get past the german cookie-wall

this post was submitted on 06 Jun 2026
79 points (100.0% liked)

Europe

11295 readers
646 users here now

News and information from Europe 🇪🇺

(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)

Rules (2024-08-30)

  1. This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
  2. No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
  3. Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
  4. No bigotry, sexism, racism, antisemitism, islamophobia, dehumanization of minorities, or glorification of National Socialism. We follow German law; don't question the statehood of Israel.
  5. Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
  6. If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
  7. Light-hearted content, memes, and posts about your European everyday belong in other communities.
  8. Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
  9. No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)
  10. Always provide context with posts: Don't post uncontextualized images or videos, and don't start discussions without giving some context first.

(This list may get expanded as necessary.)

Posts that link to the following sources will be removed

Unless they're the only sources, please also avoid The Sun, Daily Mail, any "thinktank" type organization, and non-Lemmy social media (incl. Substack). Don't link to Twitter directly, instead use xcancel.com. For Reddit, use old:reddit:com

(Lists may get expanded as necessary.)

Ban lengths, etc.

We will use some leeway to decide whether to remove a comment.

If need be, there are also bans: 3 days for lighter offenses, 7 or 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.

If you want to protest a removal or ban, feel free to write privately to the admin that applied the rule (check modlog first to find who was it.)

founded 2 years ago
MODERATORS
federalreverse@feddit.org
poVoq@slrpnk.net
anzo@programming.dev
EuroMod@feddit.org