It Is Known When the Digital Euro Will Arrive: Here's What It Means

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It Is Known When the Digital Euro Will Arrive: Here's What It Means

Cash has not yet disappeared from everyday life, but its importance is rapidly declining.

In the Eurozone, more citizens now use cards, smartphones, and payment applications, while paper money and coins play a smaller role in daily transactions. For the European Central Bank (ECB), this digital transformation raises a key question: how can the role of public money be preserved in a world that is increasingly turning to cashless payments? The proposed answer is the digital euro, a new central bank currency designed to function like cash, but in digital

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