WELCOME TO
DIGITAL EURO
Stay up to date on new information about the Digital Euro currency that the European Bank Center is creating and plans to release in 2025
WHAT'S A DIGITAL EURO?
It is a
Currency
It is
Digital
Managed by
European Central Bank
Does it respect privacy?
The digital euro presents opportunities for enhanced privacy protection through features such as anonymous transactions, decentralized ledgers, encryption, etc. By leveraging techniques like zero-knowledge proofs and decentralized networks, users could transact without revealing their identities or compromising sensitive information. Moreover, clear communication, user control over data sharing, and robust regulations could further safeguard privacy rights.
Will Digital Euro replace the physical Euro?
While the digital euro offers advantages such as increased efficiency, accessibility, and potential for innovation in financial services, physical currency still serves important purposes, including facilitating transactions in areas with limited access to digital infrastructure and providing a tangible form of money. Digital Euro will coexist with physical currency for the foreseeable future, offering individuals and businesses a choice between digital and physical payment methods based on their needs and preferences.
WHAT THEY SAY ABOUT DIGITAL EURO?
“We need to prepare our currency for the future. We envisage a digital euro as a digital form of cash that can be used for all digital payments, free of charge, and that meets the highest privacy standards. It would coexist alongside physical cash, which will always be available, leaving no one behind.”
- Christine Lagarde
