The digital euro project has taken a key step forward following the approval by the Governing Council of the European Central Bank (ECB) to open the preparation phase. With this, the plan for a European digital currency ceases to be merely a concept and begins to materialize as a reality in the making. All European institutions will be involved in this process to ensure that Europe is equipped with the “currency of the future.”
The ECB has stressed that cash will not disappear: citizens will retain the possibility to choose between physical and digital money. For consumers, the digital euro
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