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.
Read more at : https://www.euronews.com
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