I’ve said this before and will say it again. The only tech companies that should be allowed to buy Chrome are Canonical and its equivalents.

One is remarkably worse than the other

Not all your money. Most people have more than 1 bank account. So this won’t change that. Also SWIFT transfers also include international transfers, and most people aren’t doing that outside of rare instances. Digital currency is only within EU regions, so this solution won’t affect non EU transfers. As OP said the goal is to reduce commissions to Visa and Mastercard.

It won’t kill commercial banks because there’ll be limitations. Biggest is you won’t be able to take a loan from the central bank, which is the largest slice of the pie for any bank making money. They can also put other limitations, such as no non-EU transactions, or having a max limit per month.

Yeah I think the adverse effect of handing an iPhone to a 10 year old in Atlanta, when that teen is still highly impressionable unrestricted and unsupervised access to the internet is far worse than handing a kid a Gameboy on which they can only game, or a Walkman on which the worst thing they can do is listen to Cardi B.