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A Digital Euro, is the project of the European Central Bank (ECB), decided in July 2021, for the possible introduction of a central bank digital currency (CBDC). The aim is to develop a fast and secure electronic payment instrument that would complement the Euro for individuals and businesses in its existing form as cash and in bank accounts, and would be issued by the European System of Central Banks of the Eurozone.[1][2][3]
After concluding a two-year investigation into the design and distribution models for a digital euro, the ECB decided on October 18, 2023 to enter the preparation phase, which involves tasks such as finalizing the rulebook and selecting providers to develop the required platform and infrastructure, setting the stage for the potential issuance of a digital euro.[4]
- ^ "Ein digitaler Euro". ecb.europa.eu (in German). Retrieved 2021-07-10.
- ^ "Digitales Geld: Wie der digitale Euro funktioniert". br.de (in German). Retrieved 2021-07-10.
- ^ "Zur Möglichkeit der Einführung eines digitalen Euro" (PDF). Deutscher Bundestag, Fachbereich Europa. 2018-10-08. Retrieved 2022-02-16.
- ^ Bank, European Central (2023-10-18). "Eurosystem proceeds to next phase of digital euro project".
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