The European digital wallet fails to meet the security and privacy standards set by the very regulation that created it. Welcome to the land of the absurd.
I watched your 2 minutes video. It is very sensationalistic and doesn’t really explain anything about how the system works or why it could be problematic.
The speaker is American, not European.
She doesn’t address the fact that such a system is already in place and the norm for everyone. As of now it is not a 3 party system but a 4 party system: the two persons involved in the transaction and the two private banks handling the transactions. I don’t get how taking out the private banks and having a public institution doing the handling would make the system worse.
It would indeed be worse for private banks, which I guess is why a bank employee may be opposed to it.
Moreover, a video by a person who supported Donald Trump in the elections and opposed COVID lockdown is not very reassuring.
She is a former BIS banker and explains the core concepts in simple terms.
Bro it’s a two minute long fucking video if you can’t be bothered enough to watch that I can’t help you.
I watched your 2 minutes video. It is very sensationalistic and doesn’t really explain anything about how the system works or why it could be problematic.
The speaker is American, not European.
She doesn’t address the fact that such a system is already in place and the norm for everyone. As of now it is not a 3 party system but a 4 party system: the two persons involved in the transaction and the two private banks handling the transactions. I don’t get how taking out the private banks and having a public institution doing the handling would make the system worse.
It would indeed be worse for private banks, which I guess is why a bank employee may be opposed to it.
Moreover, a video by a person who supported Donald Trump in the elections and opposed COVID lockdown is not very reassuring.
https://en.wikipedia.org/wiki/Catherine_Austin_Fitts