Many of these businesses have now grown into successful enterprises that are now fully integrated into the banking system as a direct result of CCFL’s initial support for them. CCFL has also enabled many individuals to gain access to finance.
As of now, payment cards and online payments, too, are still based on national structrures. And the competitors are big and financially potent: international card schemes as well as BigTech firms with their global offerings. Against this background, the digital euro goes hand in hand with the political idea of supporting pan-European infrastructure and protecting European sovereignty.