How does digital euro replace credit cards? That's basically the same as direct debit. It doesn't address the reason why I use credit cards.
I use credit cards as a proxy for my bank accounts. I know that my issuing bank will protect me from all fraud so I don't have to worry about losing money if I buy something from a fraudulent merchant. I also know I can do things like chargebacks if I have to.
None of this is addressed by digital currency, it's basically like using cash which is haphazard today when there are so many scams everywhere around the world.
I use credit cards as a proxy for my bank accounts. I know that my issuing bank will protect me from all fraud so I don't have to worry about losing money if I buy something from a fraudulent merchant. I also know I can do things like chargebacks if I have to.
None of this is addressed by digital currency, it's basically like using cash which is haphazard today when there are so many scams everywhere around the world.