Details of the New Digital Euro Edition Revealed

B92 25.06.2024  |  Investitor

The European Central Bank (ECB) has published its first progress report on the preparatory phase of the digital euro, which began on November 1, 2023, to lay the groundwork for the potential issuance of the digital euro.

The design of the digital euro includes offline functionality that would offer users a level of privacy like cash, for payments in physical stores and between individuals. When paying offline, details of personal transactions would be known only to payers and recipients and would not be shared with payment service providers, the Eurosystem, or any supporting service providers, reports Investor. Over recent months the ECB has agreed on the technical options needed

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