This user perspective should not be left out in the discussion. We need to see matters in perspective. After all, many of these debates have been fuelled by the plans announced by the Libra consortium. To me, what this shows, first and foremost, is the need to offer fast and cost-efficient systems for cross-border payments. We should go one step at a time.
There are already several innovative market solutions that have the potential to be transformed into an efficient pan-European digital payment solution. • In addition SEPA instant credit transfers could serve as a basis for pan-European payment solutions. We should develop these systems further before contemplating further, more radical steps. 5 Conclusion Ladies and gentlemen, The old world of payments versus the new world.