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Author: Admin | 2025-04-27
A digital euro would be a digital form of cash, issued by the central bank and available to everyone in the euro area. We are working with the national central banks of the euro area to look into the possible issuance of a digital euro. It would be a central bank digital currency, an electronic equivalent to cash. And it would complement banknotes and coins, giving people an additional choice about how to pay. Digital euro Central bank money in digital form, available for any electronic payments in shops, online or from person to person. What you need to know The digital euro would be an electronic means of payment available free of charge to everyone. Like cash today, you could use it anywhere in the euro area, and it would be secure and private. In our increasingly digitalised society, a digital euro would be the next step forward for our single currency. What would it be? Currently, there is no European digital payment option that covers the entire euro area, with 13 out of 20 countries reliant on international card schemes for card payments. The digital euro would be a European electronic means of payment accessible and accepted in all euro area countries. Why do we need it? The digital euro would be stored in an electronic wallet set up with your bank or with a public intermediary. This would allow you to make all your usual electronic payments – in your local store, online, to a friend – with your phone or card, online and offline. How would it work? The preparation phase, which started in November 2023, focuses on further preparing for a potential development of the digital euro. It builds on the findings from our investigation phase. Next steps LATEST PUBLICATIONS ON THE DIGITAL EURO FIND
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