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Goodbye cash forever: the European Union announces what is about to happen

The digital transformation of our monetary system is accelerating in Europe. The European Central Bank (ECB) is actively working on a project that could radically change our payment habits. The digital euro is on the horizon, possibly heralding the gradual end of cash in our daily lives. This evolution generates as much enthusiasm as questions among European citizens.

The emergence of the digital euro in our daily lives

Since 2021, the ECB has been developing an ambitious project aimed at creating an electronic version of our common currency. The digital euro represents much more than just a technological evolution. It is a strategic response to several current trends in the global financial landscape.

The constant decline in cash usage is one of the motivating factors behind this initiative. The pandemic has greatly accelerated this trend, transforming the habits of European users. Contactless payments have become the norm for many, reducing the reliance on cash.