If the European Central Bank (ECB) gets its way, EU citizens will in future have access to another means of payment alongside cash, debit and credit cards and various online payment services: the digital euro. But experts are critical of it and warn of risks.
Digital central bank money to complement national currencies and competition for cryptocurrencies such as Bitcoin is being explored worldwide and, according to the wishes of the ECB, should become part of our daily lives in a few years. However, the ‘digital euro’ is still a big unknown for most citizens – and experts also doubt whether the digital currency will prevail. Criticism has been expressed that data protection and privacy may not be sufficiently guaranteed. Why it is so.
Source: Krone
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