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digital euro... why are exactly visa and mastercard scared of it?

A topic by lemonjumps created Jul 25, 2025 Views: 504 Replies: 4
Viewing posts 1 to 3

Hi, so my colleague has told me that europe wants to make digital money.

now, from the sound of it, it's just like having cash, but you can use it in online shops too.

here is an article about it:

https://www.ecb.europa.eu/press/key/date/2025/html/ecb.sp250714~437cfc6a51.en.ht...

The thing that I don't get *wink wonk* is why would visa and mastercard, and other payment processors be scared of this. why would they make oh sooo many claims that it will hurt the banks.

I wonder how this could limit their power in any way :))))))))
(heavy sarcasm, this could literally prevent situations like the last 48 hours from happening)

(+2)

Hi, i don't want to sound pessimist or like a stupid 'crypto-bro' but no. CBDC won't prevent situations like these to happens. With that what you will be doing is change who can extort or censor others.  


In both cases CBDC or standart payment processors (visa/mastercard/American express/paypal/etc) what they do is process the transaction. That means, when you pay anything with the money in your account, what happens under the hood is you (your device) sends a 'message' to the payment procesor that says 'please substract x amount of money from my account and add it to this other person's account' and then the payment processor choose to proceed or not. 


You are not moving your money, you are asking others to do it for you.

You may not want your money to be administrated by a company, but a politician is no different. They also can (and they did) use their own power and influence to lock people access and free use of their people's funds. That's why many people root for Bitcoin or other cryptocurrencies, because that technology works with a different principle.  


In fact, is possible that with an CBDC the European government can legally designate Visa/Mastercard as the only payment processors, since they already have the infrastructure to process massive payments. (I may be wrong, i don't know what system is proposed to CBDC, but it may not be entirely free.

right, that reasoning sounds the same as what I hear about stop killing games.

"I'm scared that polititian is going to exploit me, so I'm going to keep being exploited by a company instead."

you know, in europe, we have influence over who is in politics and who represents us.

(+1)

Sorry if i expressed myself wrong. English is not my native language. But no, that wasn't what i was trying to say. And also sorry for the wall  of text.


It is wrong, completely wrong a private company exploit people, correct, but a politician is not different (see Venezuela for example, Noth Korea, or  Argentina before 2023). Is not like a private company is bad per se, people, specially powerful and  greedy ones are the problem, and sadly you will found them in both sides (ruling private companies and governments, and sometimes even working together.) 


I'm not saying we should keep being exploited by a company. I'm saying CBDC is a door to new problems that are hard to fix. You can choose not use Visa/Mastercard anymore and if more people do the same, the income of those companies will get lowered enough to  make their CEO's say 'We should roll back or we will go bankrupt'. But you can't do the same with the government because you are funding them via taxes or money printing (that you perceive as inflation). 


With crypto the thing is different because at being a decentralized payment network without central nodes, nobody (both companies and government) can't freeze funds, confiscate, add taxes over it or generating more (de-valuating the coins in the process (taking Bitcoin as reference, other coins may not work the same.))  
 

'you know, in europe, we have influence over who is in politics and who represents us.' <- What kind of influence do you have? because if it's just democracy, sadly is not enough. 


And about stop killing games, I am also agree with the principles behind it. If a company will take away the things i buy from me. At least give me a refund. But there is another problem. Stop killing games might be used as a politic tool to win elections, because is a noble cause. Corrupt politicians may use it to get more votes and if the 'wrong one' get to the power. Then you will have to deal with a new array of 'everyday problems'.
 

(1 edit) (+3)

Digital Euro means they control what you can purchase. It's much worse than what has been happening.