The Digital Euro: A Tipping Point in EU US Payment Dynamics The European Parliament's endorsement of negotiations for a digital euro marks a significant turning point in the ongoing struggle between Europe and the US for dominance in global payment systems.
Behind the hype about breaking dependence on US giants lies a more complex story of politics, economics, and technology.
The Problem of Dependence Nearly two thirds of card payments in the eurozone are handled by non European companies, according to the European Central Bank.