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The Digital Euro Is Closer Than You Think but Will It Change Your Daily Life?
The digital euro aims to provide a state-backed payment option with privacy safeguards and offline usability, supporting everyday transactions for Europeans, the ECB said.
8 Articles
8 Articles
After demonizing the paper money, Lagarde discovers that she has handed over European portfolios to the big US players. Now she wants to regain power. Also imposing a mandatory pension savings account.In October 2020 the European Central Bank solemnly announced the launch of the digital euro project. It had to be the modern response to a changing world, the European digital shield against new technological dependencies. However, after years, the…
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SHTF PlanEurope Edges Closer to Digital Euro: New Backing from EU Parliament
by Rhoda Wilson, Expose News: On Tuesday, February 10th, the European Parliament moved the digital euro one step closer to reality, backing amendments that support a push by the European Central Bank (ECB) for a central bank digital currency intended to work both online and offline. This does not mean the new currency is in place yet, […]
The Digital Euro Is Closer Than You Think but Will It Change Your Daily Life?
Imagine paying for dinner, rent or a train ticket with a euro that exists only in digital form, issued directly by Europe’s central bank. That is the idea behind the digital euro, a project that is moving steadily through the EU system. It would not replace cash or your bank account, but it could add a new way to pay that feels familiar and different at the same time. Proposed by the European… Source
The German Retail Federation (HDE) warns in a recent statement that the digital euro project is doomed to fail due to its overly complex and unrealistic design. The HDE is striking a decidedly critical tone for the first time – even though the federation continues to support the introduction of the digital euro in principle. The German retail sector is undergoing significant changes… The article "Digital Euro: HDE warns of complexity trap" first…
EU Parliament Backs Digital Euro for Both Online and Offline Use
The European Parliament has expressed support for a fully-fledged digital euro that can operate both online and offline. Members of the European Parliament (MEPs) approved an amendment to provide both options, rejecting a proposal from the European People’s Party (EPP) rapporteur to limit the currency to offline use only, according to Finextra. Jonás Fernández, spokesperson for the Socialist & Democrats (S&D) on economic and monetary affairs, sa…
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