The European Central Bank's €1.3 billion bet offers an alternative to the U.S. payments giants, but it faces an uphill battle to win over consumers, merchants, and banks.
Does this mean that we will also move away from using the USD as the universal exchange currency? Because so long as that stays America still has us by the balls.
Does this mean that we will also move away from using the USD as the universal exchange currency? Because so long as that stays America still has us by the balls.
Not straight away but it has been slowly happening fir a decade.
Bad news though, the USD gets replaced with the yuan not the euro as the global exchange unit.
It’s driven by tradeflows plus geopolitical power. Europe is losing there to China (although the US is getting destroyed).
The end of fossil fuel dependence worldwide will be the inflection point.