ECB plans for a digital euro

[Brendan Burgess]

If a digital currency could make it easier/cheaper for retailers to accept digital payment

That is the plan. That it will be cheaper for retailers.

 

[letitroll]

Maybe there are other costs and hassles related to having a card machine to accept payment?

Yeah like paying tax

 

[DazedInPontoon]

They may know how much you've spent in Dunnes, Boots and Amazon but they've no idea what you've bought.

Literally could be buying anything on paddypower.com or wine.com. They'll never know.

 

[Dr Strangelove]

Maybe there are other costs and hassles related to having a card machine to accept payment?

That's just the interchange fee.

There are also additional scheme and processor fees which vary a lot. Smaller firms have less clout to negotiate lower fees.

 

[BlackandBlue]

YouTube video about the project.