【Is the Digital Euro Coming? The European Central Bank is Taking It Seriously】

The European Central Bank recently announced that the digital euro is expected to replace half of cash circulation and 30% of bank deposits. In an ideal scenario, it could potentially absorb 256 billion euros worth of banknotes.

It sounds impressive, but considering that the total amount of banknotes currently stands at 15.6 trillion euros, even if it really gets pushed, in the short term it would only be a "drop in the ocean".

However, this is worth monitoring because it is not just about the digitalization of currency; it is also a reshuffling of financial power.

If the digital euro is coming, it should come with a bang. Want to continue exploring the opportunities behind this big picture?

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