CAVOK@lemmy.world to Europe@feddit.orgEnglish · 6 days agoVisa and Mastercard handle nearly half of Europe's card payments. The digital euro aims to change that | Fortunefortune.comexternal-linkmessage-square24linkfedilinkarrow-up1265arrow-down11file-text
arrow-up1264arrow-down1external-linkVisa and Mastercard handle nearly half of Europe's card payments. The digital euro aims to change that | Fortunefortune.comCAVOK@lemmy.world to Europe@feddit.orgEnglish · 6 days agomessage-square24linkfedilinkfile-text
Paywall? https://www.removepaywall.com/search?url=https%3A%2F%2Ffortune.com%2F2026%2F10%2F01%2Feurope-digital-euro-challenge-us-visa-mastercard-payments-dominance%2F
minus-squarethanksforallthefish@literature.cafelinkfedilinkEnglisharrow-up4·6 days agoNot straight away but it has been slowly happening fir a decade. Bad news though, the USD gets replaced with the yuan not the euro as the global exchange unit. It’s driven by tradeflows plus geopolitical power. Europe is losing there to China (although the US is getting destroyed). The end of fossil fuel dependence worldwide will be the inflection point.
Not straight away but it has been slowly happening fir a decade.
Bad news though, the USD gets replaced with the yuan not the euro as the global exchange unit.
It’s driven by tradeflows plus geopolitical power. Europe is losing there to China (although the US is getting destroyed).
The end of fossil fuel dependence worldwide will be the inflection point.