Buy European
Overview:
The community to discuss buying European goods and services.
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Be kind to each other, and argue in good faith. No direct insults nor disrespectful and condescending comments.
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Include a disclaimer at the bottom of the post if you're affiliated with the recommendation.
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Benefits of Buying Local:
local investment, job creation, innovation, increased competition, more redundancy.
European Instances
Lemmy:
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Basque Country: https://lemmy.eus/
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๐ง๐ช Belgium: https://0d.gs/
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Matrix:
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๐ฌ๐ง UK: matrix.org & glasgow.social
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๐ซ๐ท France: tendomium & imagisphe.re & hadoly.fr
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๐ฉ๐ช Germany: tchncs.de, catgirl.cloud, pub.solar, yatrix.org, digitalprivacy.diy, oblak.be, nope.chat, envs.net, hot-chilli.im, synod.im & rollenspiel.chat
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๐ณ๐ฑ Netherlands: bark.lgbt
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๐ฆ๐น Austria: gemeinsam.jetzt & private.coffee
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๐ซ๐ฎ Finland: pikaviestin.fi
Related Communities:
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view the rest of the comments
I read the article.
Boiled down, it is essentially a direct exchange between physical (money in your bank account) currency and a fully digital counterpart, at a 1 to 1 ratio, that can be done both ways.
Unlike crypto, it is to be issued by a central bank and will have to be accessed through properly licensed bank entities or similar institutions.
This can work. I want to read the full rule book now.
So it's like Fiat currency, that can be accessed digitally through your banking app, and it's convertible to Fiat, but it's not Fiat
Can you dumb it down what I'm missing here?
Exactly like this. There is such a system in Nigeria with the e-Naira, and there was a pilot program in the Eastern Caribbean with their dollar. It works pretty well, and is not that complicated to write and maintain. I'm taking from experience as I was part of the team that wrote that. I think I'm no longer under NDA because the company I worked for does not exist anymore, so if anyone has questions I can shine some light on how it works under the hood.