Progress in Digital Euro Preparation
The European Central Bank (ECB) has released a new report detailing advancements in the digital euro project, focusing on creating a unified digital payment system for the eurozone. This includes updates to the rulebook and progress on risk management frameworks.Innovative Use Cases Under Study
The ECB is testing conditional digital euro payments and gathering insights from target groups, including small merchants and vulnerable consumers. These findings will shape the policy decisions expected in mid-2025.Laying the Groundwork for Launch
With innovation partnerships and potential providers selected, the ECB aims to modernize access to public money. The digital euro promises benefits like fair fees for merchants and enhanced privacy for consumers, supporting Europe’s evolving payment landscape.
Read the full article on
theblock.
