What is the digital Euro?

Ever wonder why the EU doesn’t have its own form of electronic payment?

Well, soon(ish) it might.

The digital euro would be an electronic means of payment issued by the European Central Bank and available for anyone to use.

It would be:

• private,
• available online/offline and
• would complement, not replace cash, and existing private payment solutions.

Parliament is now ready to start negotiations with EU countries on the legislation, with the aim of having a digital euro in 2029.