this post was submitted on 08 Aug 2023
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From Athens, the ECB will announce the digital euro โ€“ How it will work (hellas.postsen.com)
submitted 1 year ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 14 points 1 year ago* (last edited 1 year ago)

Relative to some other digital system, this is what WP has as ECB goals:

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

Arguments and motives for the introduction of a digital euro are, according to the ECB:

  • Maintain the role of central bank money as a monetary anchor for the payment system.
  • Provide free digital access to a secure legal tender in the Eurozone
  • Expanding payment options through alternative central bank money alongside cash and book money in commercial bank accounts, contributing to availability and inclusion
  • Building trust in digital cash through a high level of privacy protection
  • Promote innovation in retail payments
  • Limiting the spread of foreign digital currencies to safeguard the financial stability and monetary sovereignty of the Eurozone