This will be huge. This will allow anyone to accept digital payments, eg. at a farmers market, using the bank accounts everyone already has.
The only thing missing is forcing banks to provide an API for third party integrations, but I think there is a separate proposal on the way for that.
Imagine being able to accept instant payments from everyone in the EU, without having to sign up for a service like Stripe or Paypal, just using a normal bank account from any of hundreds (thousands?) of banks in the EU. And your customers don't even need a credit card, just the banking app they already use every day.
The only thing missing is forcing banks to provide an API for third party integrations, but I think there is a separate proposal on the way for that.
Imagine being able to accept instant payments from everyone in the EU, without having to sign up for a service like Stripe or Paypal, just using a normal bank account from any of hundreds (thousands?) of banks in the EU. And your customers don't even need a credit card, just the banking app they already use every day.