Post by Utrecht University

Preparations for the digital euro are moving fast. That someone is playing Risk with the world’s map might be helping to push the buttons… Because yes, Europe depends heavily on foreign payment infrastructure. As Dr. Labrini Zarpala, Assistant Professor of Finance at Utrecht University School of Economics points out: “About 70 percent of digital transactions flow through non-European companies, such as Visa or Mastercard,” she notes. And that’s a liability, especially as global tensions rise. According to Zarpala, a digital euro would: - reduce dependence on non-EU companies - strengthen Europe’s strategic autonomy in payments - signal European unity in the digital age But there’s more to the digital euro. If it were introduced, what would actually change for you? Read the explainer here ➡️https://lnkd.in/eGvNNvRT