In an era where digitalisation has taken hold of nearly all
aspects of our daily lives, the European Central Bank is studying
the possibility of creating a fully digital European currency - the
digital euro. According to ECB, the digital currency would be a
fast, easy and secure instrument for everyday payments,
accompanying the digitalisation of the European economy and
actively encouraging innovation in retail payments.
A digital euro would still be a euro, like the notes and coins
currently issued, but digital. It would be an electronic form of
money issued by the ECB and the national central banks and
accessible to all citizens and businesses.
The aim is to ensure that eurozone citizens can maintain
cost-free access to a simple, universally accepted, secure and
reliable means of payment.
