European Central Bank to Spend EUR 1.3B on Digital Euro Development

12 pointsposted 3 months ago
by miohtama

4 Comments

bfkwlfkjf

3 months ago

Here we go again.

Can someone explain to me what digital euro is? Is it a different currency? Is not, are the euros on my bank's computers also digital euros?

https://en.wikipedia.org/wiki/Central_bank_digital_currency

> central bank digital currency (CBDC) is a digital version of a country's official currency, created by the nation's central bank

It seems impossible to find a clear explanation.

isawczuk

3 months ago

From what I understand to allow pay like card without bank as intermediate.

Digital in sense that it it's not physical bank note, but app or something similar.

Here are longer explanation what they want to achieve.

https://www.ecb.europa.eu/euro/digital_euro/timeline/profuse...

hulitu

3 months ago

> but app or something similar.

So the money will belong to the app and you can borrow some from time to time. /s