Brussels unveils plans for a digital euro promising complete privacy

Published by
Euronews (English)

With more and more people using digital tools for their daily transactions, the European Commission on Wednesday presented a proposal to initiate a digital euro. Digital currencies have been surging in popularity over the last few years as cryptocurrencies like Bitcoin have entered the mainstream. But unlike Bitcoin, the digital euro would be a Central Bank Digital Currency (CBDC), essentialy electronic cash. The aim would be to give consumers an alternative European-wide payment solution, in addition to the options that exist today, the Commission says. “With the digital euro, people will be …

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