The digital euro is to be introduced by 2025. It will be an electronic version of paper money available to all citizens.
Christine Lagarde, President of the European Central Bank said that the digital euro will be developed by 2025.
Digitalization has long been tightly and inextricably linked to our lives. Digital payments are a priority. The digital euro will support this trend in retail payments.
It will be a combination of security and efficiency. The digital version of the euro will not replace paper money, but it will create additional comfort and choice when making payments.
I would like to point out that the digital euro and crypto-assets (the digital currency that exists now) are fundamentally different concepts. The digital euro is backed by a central bank and is characterized by stable prices, unlike cryptocurrency.
