Goodbye to cash: the digital euro has become a reality and this is its release date
The European Central Bank is promoting the initiative to implement the digital euro to facilitate daily small payment transactions and large cash transactions in a more convenient and simple way for everyone. Although this system may initially seem similar to the familiar credit card, there is another factor that distinguishes it, which is the absence of intermediaries.
Ultimately, its use is envisioned as a wallet managed individually from the digital network by the individual themselves, through which the institution takes into account all their movements, whether adding an amount of money or cash exchanges of any kind. Among the other deliberate motivations of the European Central Bank, as explained on its website, which provides relevant information about this new electronic currency, is the possibility of creating a common payment system among all European countries. “The digital euro is considered an electronic payment method that is available and accepted in all eurozone countries,”