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From Athens, the ECB will announce the digital euro – How it will work
(hellas.postsen.com)
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this post was submitted on 08 Aug 2023
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The actual work behind a private banktransfer is fractions of cents, including power. Technically you're correct, but in the real world, if you paid the real cost of all your private banktransfers, you could probably cover a years worth with a few nickel (if that).
I truly don't see the benefit of this for countries that already have a good banking system. Every benefit mentioned for this system has been available for years or decades in the Netherlands, or has a functionally identical equivalent.
But I see lots of advantages for people who don't have access to a cheap, good and easy banking system.
But aren’t the current fees some nickel per transaction, e. g., if you pay with a credit card? Why are the fees so high currently? I do not think that the banks have such a high margin.
Credit cards are expensive, because their security measures can be circumvented by a moderately good photograph of one. You're paying for all the fraud getting compensated.
But a regular (first-party) bank transfer has no such overhead.
The system in the Netherlands is shit for foreigners. E.g. if you want a personalized OV-Chipkaart you can only pay with iDEAL, for which you need a Dutch Bank account.~~___~~
You can use public transportation directly with any V-pay, maestro, visa or MasterCard debit- or credit card, or Apple or Google pay nowadays.
If you absolutely must have a chipkaart, you can get one from any ticket machine at a station. No Dutch bank account required.
No I can't get a personalized OV-Chipkaart this way, which is necessary for certain subscriptions and OV-Fiets. Only anonymous chip kaarts are sold via ticket machines