The Digital Euro Is Closer Than You Think but Will It Change Your Daily Life?

The Digital Euro Is Closer Than You Think but Will It Change Your Daily Life?

Imagine paying for dinner, rent or a train ticket with a euro that exists only in digital form, issued directly by Europe’s central bank. That is the idea behind the digital euro, a project that is moving steadily through the EU system. It would not replace cash or your bank account, but it could add a new way to pay that feels familiar and different at the same time. Proposed by the European… Source

Europe Edges Closer to Digital Euro: New Backing from EU Parliament

by Rhoda Wilson, Expose News: On Tuesday, February 10th, the European Parliament moved the digital euro one step closer to reality, backing amendments that support a push by the European Central Bank (ECB) for a central bank digital currency intended to work both online and offline. This does not mean the new currency is in place yet, […]

EU Parliament Backs Digital Euro for Both Online and Offline Use

The European Parliament has expressed support for a fully-fledged digital euro that can operate both online and offline. Members of the European Parliament (MEPs) approved an amendment to provide both options, rejecting a proposal from the European People’s Party (EPP) rapporteur to limit the currency to offline use only, according to Finextra. Jonás Fernández, spokesperson for the Socialist & Democrats (S&D) on economic and monetary affairs, sa…

European Parliament Supports Digital Euro For Online And Offline Use - Fintech InShorts: Latest Fintech News, Analysis By Experts

New measures aim to enhance the digital currency’s accessibility and functionality. Highlights: European Parliament approves digital euro for online and offline use. New provisions aim to enhance accessibility for all users. Strategic step towards integrating digital currencies in Europe. The European Parliament has officially endorsed the implementation of the digital euro for both online and offline transactions. This decision marks a critica…