Posted 10/25/2023, 10:52:30 AM
Banco de España Supports Digital Euro, Citing Enhanced Payments and Privacy
- Banco de España embraces digital euro, explains benefits
- Digital euro will enhance electronic payments in financial system
- Allows offline payments with privacy like cash
- User data visible only to financial institutions, not infrastructure provider
- Preparation phase launched Oct 18, to finish by 2025
- Bank of Finland also expressed support for digital euro
- ECB shared info on digital euro, promises easier life and stronger Europe
