23
Jul, 2021

Digital Euro Moves Forward

After many months of conversations, European Central Bank decides to move forward with the Digital Euro project. The official announcement from ECB referred that the new digital currency will ensure the user’s privacy while it will be the “safest currency ever created”.

 

The first extended note from ECB for a digital currency’s creation was released 9 months ago while in the meantime, there were lot of experiments launched and investigations about its efficiency. The main goal for this project is to “ensure that the digital life of citizens and businesses will have access in the most trustworthy form of money, that from Central Bank”.

 

In parallel, the design for the main cryptocurrency  from ECB is expected to use green energy for its maintenance, while the payment systems from Eurozone will be integrated through this cryptocurrency.

 

You can read more here:

https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.pr210714~d99198ea23.en.html