Digital Payments & European Sovereignty
summary
Argues Europe must build a pan‑European payments layer to avoid dependence on US and Asian platforms, citing 24 billion transactions (2019) with 75% credit transfers/direct debits and Germany’s card share at 25% versus 48% in the euro area. Names Apple Pay, PayPal (~25% German e‑commerce share), Libra/Diem and Google as dominant non‑European entrants. Proposes CBDC or tokenized bank money, programmable payments and “trigger” DLT hybrids, keeping customer‑facing services with private providers while governance stays European.
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chapters (9)
- 0:00Intro
- 3:30Digital vs NonDigital Payments
- 4:58Classic Payment Instruments
- 6:55Card Payments
- 9:42European Sovereignty
- 11:55European Players
- 14:52What does this mean
- 17:08Central bank digital money
- 19:36Conclusion
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