European Union bets on digital euro to cut reliance for payments

The EU believes a digital euro is the answer to cutting its addiction to US payment systems like Visa and Mastercard as well as Apple Pay and Google Pay as the bloc seeks to favour European firms over others. Brussels hopes it could provide an alternative local option for any payments in shops or online since people could easily pay, just like other systems, using a card, an app or via their banking app. The European Central Bank first suggested the digital euro in 2020 because Europe lacked its own system before the EU executive made its formal proposal. The digital euro cannot be created without the rules underpinning the project being approved by the EU capitals and the European Parliament. Do you think that this will help to cut reliance on USA payment systems