I'd prefer it is there was a crypto of the Euro. Then transfers can be peer to peer without any middle man, and middle man costs. With all open technology and assuming zero trust. It won't have the wild value swings because it is a real, regulated and controlled currency. Take the advantages and leave the anarchism.
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There would be the mining if the currency is the Euro. Can't have people making Euros, it would destabilize the currency. So no mining, so different model, with different processing requirements.