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ECB Publishes First Progress Report on Digital Euro Preparation Phase

Fintech Finance

Digital euro privacy The design of the digital euro includes an offline functionality that would offer users a cash-like level of privacy for payments in physical shops and between individuals. The report outlines the progress made on key digital euro design aspects and the envisaged next steps for the project.

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European Central Bank sets out business model for digital euro

NFCW

For offline transactions, the digital euro is being designed to offer users “a cash-like level of privacy for payments in physical shops and between individuals,” the ECB adds. The digital euro is a common European endeavour.