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TU/e coordinates EU project to push next-generation private and secure online payments (www.tue.nl)

submitted 8 months ago by [email protected] to c/[email protected]

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A new online payment system that is socially, ecologically, and fiscally responsible, to make finance easy for common people. That’s the aim of the Next Generation Internet pilot named NGI TALER. This project, coordinated by the Eindhoven University of Technology (TU/e), is operated by a consortium of eleven partners from eight European countries with the objective to roll out an innovative electronic payment system for the greater benefit of European citizens, merchants, and banks.

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[–] [email protected] 0 points 8 months ago (1 children)

The only problem with this is you still have to use government currencies and cryptocurrency people, at least the real ones do not trust the government or their currencies and would rather not accept them. I am personally to the point where the only reason I use dollars at all is because other people want them. I don't find value in them and get rid of them as fast as I possibly can, except for a small amount for unexpected expences.

[–] [email protected] 2 points 8 months ago (1 children)

I think realistically you know that very few people share the same thinking. What EU is doing is for everyone to benefit from a better system without anyone ever realising they changed.

I share your view btw and also very familiar with and user of crypto. But honestly, crypto is not for everyone and never will be. People want the safety net that is banks and governments.

[–] [email protected] 1 points 8 months ago

I think most people will eventually use crypto when they realize that the "safety net that is banks and governments" is the problem with society. The governments work to make the rich richer and the poorer, poorer over time by printing money and distorting markets. The hard rules of supply in crypto is a major upgrade since your savings doesnt go up in inflation smoke over time.