Digital euro (official page)

💬 Why shouldn’t our currency evolve just like everything else? We owe it to future generations and to all of us. 📽️ Watch again: ECB President Christine Lagarde explains why introducing a digital euro alongside cash would be a logical step forward in our currency’s development. The digital euro would combine the reliability of cash with the convenience of digital payments.

No internet connection? No problem – you don’t need to be online to pay! Thanks to its offline functionality, you would be able to make digital euro payments in places with no network coverage or during outages. 🔗 Check out our progress report https://lnkd.in/eTfZv-7p to learn more!

How would a day in your life look with the digital euro? 💡 Use it anywhere, anytime: whether you’re shopping, paying online, or sending money to a friend, with the digital euro you would have a European payment solution for every occasion across the euro area. 💡 Pay with – or without – an internet connection: whether you’re hiking in the mountains or exploring Europe by train with an Interrail Pass, the digital euro would allow you to make payments even in areas with limited connectivity. 💡 Pay digitally at no cost: whether you prefer a mobile app or a physical card, the digital euro would make paying digitally easy and free for everyone. Your euro, your choice. 🔗 Learn more about how the digital euro would work: https://lnkd.in/enbCf4BF

The digital euro is for Europeans. This message was emphasized by Mayte Arráez, head of division at the digital euro project, at the “Digital Assets: Virtual Innovation, Real Impact” forum hosted by El Confidencial in Madrid. She joined Javier Molina Jordà to discuss how the digital euro would provide a universal payment method for all Europeans: 💶 usable anytime and anywhere in the euro area – just like banknotes and coins 🔒offering high privacy comparable to cash with its offline feature 🤝 securing the future of our single currency in the digital age Learn more at our digital euro hubhttps://lnkd.in/dfEnmn-2 #ECActivosDigitales

🎥 Watch again: “The digital euro scheme rulebook is important to banks and other intermediaries, as it will set rules and procedures for distributing a digital euro across the euro area”. Patrick Papsdorf, who leads the digital euro rulebook unit explains recent developments on our draft rulebook for a digital euro scheme in the latest virtual Focus Session held at the European Central Bank. 🔗 Watch the dedicated session on the rulebook here https://lnkd.in/dTJk6WjV 🔗 Read our latest report on the progress on the digital euro rulebook https://lnkd.in/d_46Ssqt

With everything going digital, why wouldn’t our currency? The digital euro would be like a digital banknote, explained European Central Bank President Christine Lagarde as she spoke before the European Parliament ECON Committee on 30 September. 🔗Learn more at our FAQ page: https://lnkd.in/d8EyVBHv

🌟 Our team is growing! Help us shape the future of digital finance. Do you thrive in leadership roles and enjoy crafting innovative branding strategies? We’re looking for someone to lead our newly formed Positioning team, which will develop and implement the strategy for the positioning and branding of the digital euro.   🔗 Apply before 27 October 2024 https://lnkd.in/dU-T927v

Consumers, merchants and other market participants recently met within the Euro Retail Payments Board (ERPB) to discuss how the digital euro would make payments in the euro area more efficient. The digital euro would not only bring central bank money into the digital era, it would also: 💡 encourage private companies to develop innovative services across Europe 📖 lower costs by allowing these companies to re-use existing infrastructure 💶 reduce dependency on international providers for payment solutions. The ERPB will be closely analysing how a digital euro would fit and enhance the current European payments ecosystem. 🔗 Learn more https://lnkd.in/eDdRNYsN

European payments are a prime example of the situation described by Enrico Letta and Mario Draghi in their reports: Europe is not competitive within its own market and Europeans do not have their own solution to pay digitally throughout the euro area, said Executive Board member Piero Cipollone at the Economics of Payments XIII conference, hosted by Oesterreichische Nationalbank. We must swiftly address the risks stemming from the current inability to secure the integration and autonomy of European payments. A digital euro would offer a European digital payments solution covering the entire euro area. 🔗 Read the speech: https://lnkd.in/eNbGBMEb 🔗 Watch the conference: https://lnkd.in/e9jtmkp8 📸 by Oesterreichische Nationalbank

What impact would a digital euro have on the financial industry? The European payments landscape is changing fast, and we need to adapt. 📱 Our economy is becoming increasingly digital. Introducing a digital euro would be the next logical step in this direction. Our design will ensure that a future digital euro would: ➡️ preserve Europe’s financial stability ➡️ be distributed by financial intermediaries, allowing them to maintain customer relationships and be compensated for their services ➡️ make it easier to roll out private payment solutions on a European scale. ➡️ offer an alternative to co-branding with international card schemes for cross-border payments in – and potentially beyond – the euro area 🔗 Watch our Focus Session to find out more: https://lnkd.in/d4qF6vzt