ECB and Banks Disagreement Slows Europe's Move Away from US Payment Giants
Europe is struggling to reduce its reliance on U.S. payment giants like Visa (V) and Mastercard due to a growing rift between the European Central Bank (ECB) and financial institutions concerned about revenue impacts. The ECB plans to introduce a digital euro by 2029, but banks are hesitant over potential customer fund shifts.
Topics: cryptocurrency digital euro ECB Mastercard Visa