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I saw this but they advertise cooperation with the state which is less liberatory than something like monero.
this is actually a plus for me. I like something backing the currency which while fiat was bemoaned as not having has much more than digital currency with nothing at its core. taxation and laws are at least something.
Interesting project for sure. Still, I think I don’t understand what is the insentive for banks and central banks to adopt this system?
It just needs a standard banking API access, so in theory it isn’t much work for banks to integrate. But to be honest I am also not very optimistic that many commercial banks will support it.
Maybe the digital Euro will expose an API that would allow making an easy Taler integration though.
Why do people want banks to adopt it?
So that you can pay in a currency that is widely adopted like Euros.
If it is worthy in its own right then people will always want to trade for it, and the ability will arise without permission, starting off with such begging seems like shooting oneself in the foot.
I think we have enough evidence from 15 years of failed crypto-currency adoption for actual payments to conclude that the approach of Taler is more likely to succeed.
But success isnt just being popular when it comes to politics, it has always been known that one can make compromises to become more popular, but the compromise then makes the success unworthy.
