Europe Approves Dollar KILLER - Digital Euro Passes Vote, Visa/Mastercard Dominance ENDING - House of El

[2naSalit]

Europe just took another major step toward financial sovereignty. The European Parliament’s Economic and Monetary Affairs Committee has approved the digital euro — a sovereign ECB-backed currency designed to reduce dependence on American-owned payment infrastructure.

💶 The digital euro would allow eurozone citizens to hold, send, and receive central bank money through dedicated wallets.
💳 Visa and Mastercard currently account for 61% of euro-area card payments and nearly all cross-border card transactions.
🇪🇺 The goal is not to ban American payment companies, but to ensure Europe has a sovereign alternative.
🔐 Offline digital euro payments are designed to work more like cash, with stronger privacy protections than existing digital payments.
🏦 Commercial banks will distribute wallets, but the ECB will provide the underlying infrastructure.
🌍 The digital euro joins Wero and ECB repo lines as part of Europe’s emerging payment sovereignty stack.
⚠️ The prediction: Visa and Mastercard’s share of European payments falls below 50% within five years of launch.

[QueerDuck]

1. GREAT NEWS! This is essentially Europe building Linux Mint for the financial world.

They aren't trying to completely ban Windows (Visa) or macOS (Mastercard) from the continent. They've just looked at how heavily dependent they are on proprietary American ecosystems, panicked about their digital sovereignty, and decided to fund a stable, community-backed, open-source alternative.

Think of the digital euro as the financial distro built for people who want strong privacy, no tracking, and to know their system won't randomly update or lock them out at midnight.

[Zackzzzz]

2. I had rust removal done on my car and I paid by check.

If I had paid by Visa, he would have lost $60.00.
Totally beside the point, but.......