European Commission and ECB to launch a digital euro project

In: EU Reporter

Are you ready to use a ‘digital wallet’? For the uninitiated, this refers to a virtual currency that is meant to be a complement to the cash in peoples’ wallets. Eurozone central bankers are leaning towards a rollout of the so-called digital euro later this year. The digital euro will be an electronic form of central-bank money, meant to be accessible to all. The new payment instrument is just one part of a revolution currently taking place in the sometimes shadowy world of crypto currencies.