It won’t kill commercial banks because there’ll be limitations. Biggest is you won’t be able to take a loan from the central bank, which is the largest slice of the pie for any bank making money. They can also put other limitations, such as no non-EU transactions, or having a max limit per month.
Why should a politician convicted of stealing money ever be allowed in a position of power? Why not just ban her for life?
Yeah I’m a bit tired of bought out politicians dismantling a country from the inside.
Probably the biggest loophole that HAS to be fixed!
Eh, it’s over a billion people. Most people (who don’t live in cities) don’t know about Trump other than the fact that he’s the president. Even those who have internet aren’t going to see US news cuz their feeds aren’t curated for that.
We don’t need to start with big products such as phones. Start small, such as moving off to a new email for personal use. Keep the gmail one for junk use (i.e: when signing up to services). Ask your closest friends to switch to Signal instead of WhatsApp. Use Firefox instead of Chrome (you can import all your browser settings). This process will take years and shouldn’t simply be a knee jerk reaction).
The Donald has Hitler levels of luck in that regard.
They need to get off Twitter. Go back to using the Press for official statements of high importance. And use Mastodon (Bluesky can interact with Mastodon instances in the future iirc) for rest. As a longer term project, move govt systems to Linux.
Not all your money. Most people have more than 1 bank account. So this won’t change that. Also SWIFT transfers also include international transfers, and most people aren’t doing that outside of rare instances. Digital currency is only within EU regions, so this solution won’t affect non EU transfers. As OP said the goal is to reduce commissions to Visa and Mastercard.