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The future of money: The digital euro as a supplement to cash - advantages and functions
A digital euro is an important measure by the European Central Bank (ECB) to prepare the currency for the future. The digital euro should work like cash, so that coins or notes are no longer needed. Payment is made via mobile phone and there should be no additional fees. In addition, the highest data protection standards should be guaranteed. However, the ECB emphasizes that the digital euro should only complement cash and not replace it. In order to advance the digital euro, a report was created that summarizes the previous considerations. The digital euro and its possible effects The digital euro could have various effects on the market and...
The future of money: The digital euro as a supplement to cash - advantages and functions
The digital euro and its possible effects
The digital euro could also make payment transactions and trade easier. By simply using a mobile phone, payments could be processed faster and more efficiently. This could lead to an increase in sales, particularly in online retail.
Another aspect that needs to be taken into account is the impact on data protection. The ECB emphasizes that the digital euro should offer the highest data protection standards. However, there may be concerns about the security and misuse of personal information. These concerns could impact consumer confidence and potentially lead to lower adoption of the digital euro.
Read the source article at www.chip.de