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From Athens, the ECB will announce the digital euro – How it will work (hellas.postsen.com)

submitted 1 year ago by sv1sjp@lemmy.world to c/europe@feddit.de

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[–] FreeLunch@feddit.de 1 points 1 year ago (1 children)

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.

[–] Tar_alcaran@lemmy.world 1 points 1 year ago

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.