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From Athens, the ECB will announce the digital euro – How it will work (hellas.postsen.com)

submitted 1 year ago by sv1sjp@lemmy.world to c/europe@feddit.de

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[–] tal@kbin.social 14 points 1 year ago* (last edited 1 year ago)

Relative to some other digital system, this is what WP has as ECB goals:

https://en.wikipedia.org/wiki/Digital_euro

Arguments and motives for the introduction of a digital euro are, according to the ECB:

Maintain the role of central bank money as a monetary anchor for the payment system.

Provide free digital access to a secure legal tender in the Eurozone

Expanding payment options through alternative central bank money alongside cash and book money in commercial bank accounts, contributing to availability and inclusion

Building trust in digital cash through a high level of privacy protection

Promote innovation in retail payments

Limiting the spread of foreign digital currencies to safeguard the financial stability and monetary sovereignty of the Eurozone