European Central Bank Plans Digital Euro

This is a Brussels news story, published by MSN, that relates primarily to The European Central Bank's news.

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digital euro

Euronews

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EU DECODED: Will the Digital Euro strengthen financial security?

Summary

Nutrition label

65% Informative

The European Central Bank's planned digital euro would be available on a rechargeable card, a digital wallet or a mobile app.

A digital euro account could be set up at a bank, a post office or an online platform.

Privacy is a thorny issue, but the ECB claims it would not be able to identify payment habits.

The digital euro may boost Europe 's financial sovereignty, but that would cost anyway.

Any legislation to be agreed in Brussels and with the member states will take two to three years .

I think it could have a big advantage for us as well because we wouldn't be relying on 3rd country payment providers or even European payment providers.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful