Skip to main content

Digital Euro Expected To Launch By 2029 After EU Backing

21 hours 16 minutes ago
The European Parliament's economic committee has backed a digital euro designed to reduce Europe's dependence on US-controlled payment networks such as Visa and Mastercard. The ECB-backed currency is targeted for launch by 2029 after a full parliamentary vote and negotiations with EU member states. Euronews reports: Under the proposal, consumers would be able to hold digital euros in a dedicated wallet, subject to a holding limit that has yet to be determined. The system would support both online and offline payments and is intended to offer a high degree of privacy, with the ECB unable to directly identify users from their payment data. The ECB would provide the underlying infrastructure, while commercial banks and payment service providers would offer digital euro services to customers. Financial institutions are expected to be compensated for their participation in the scheme, while merchants will pay fees that are expected to be lower than those associated with current card transactions. How that compensation should be structured remains one of the most contentious issues ahead of negotiations with EU member states, according to three sources familiar with the discussions. [...] The European Parliament is expected to formalise the committee's position during a plenary vote in Strasbourg in early July. Negotiations with the EU's 27 member states would then begin, with lawmakers aiming to reach a final agreement before the end of the year.

Read more of this story at Slashdot.

BeauHD

Meta Launches Cheaper Smart Glasses Without Ray-Ban

22 hours 16 minutes ago
Meta has launched its first smart glasses without Ray-Ban branding. Starting at $299, they're cheaper than the Ray-Ban Meta Gen 2 while retaining EssilorLuxottica as a design and manufacturing partner. The Verge reports: As far as style and specs, the Meta Glasses aren't that different from Ray-Bans. The internal specs are the same as the recently released Ray-Ban Meta Optics Styles, with slightly longer battery life. The Adventurer models have thinner rims, while the Fury models hew a bit closer to the Meta Ray-Ban Display with a bolder, chunkier frame. You could describe the Adventurer as square, and the Fury as even more square. The Kylie glasses sport a more unique design with a distinct Y2K flavor that I'm told is meant to be worn lower on your nose. [...] While playing around with the Meta Glasses, it was hard not to notice that the camera appears smaller than in previous Ray-Ban glasses. Technically, Himel tells me, that's not new to these Meta Glasses. It was actually introduced back in March with the prescription-optimized Optics Styles. [...] Meta is quadrupling down on AI. The new Meta Glasses will all launch with Muse Spark, the first model out of Meta's Superintelligence Labs. (It'll also be arriving on older Ray-Ban and Oakley glasses in the US and Canada via a software update.) Supposedly, that means more helpful glasses. At my hands-on, I was told that Meta AI would now be less stiff. I'd be able to talk to it more naturally and get smarter responses. The AI now supports 14 more languages, including Arabic, Japanese, Mandarin, Hindi, and Korean. Pedestrian turn-by-turn navigation is also coming to Meta's displayless glasses. Later this month, there'll be a new "dynamic photo" feature that automatically takes multiple frames and then recommends the best one.

Read more of this story at Slashdot.

BeauHD