MEPs back digital euro as ‘geopolitical necessity’ to counter US payment-system dominance

European lawmakers have overwhelmingly supported the creation of a digital euro, citing it as crucial for Europe's financial sovereignty amid the dominance of US-based payment systems. This move aims to reduce dependency on foreign providers and secure Europe's economic interests in a globalized financial landscape. With the European Central Bank already working on the project, this decision could reshape the future of digital currency and economic power dynamics in Europe and beyond.