Software can enable Digital Euro offline payments on existing devices ensuring common access
DUBLIN, Jan. 25, 2024 /PRNewswire/ -- Reliance on new devices can greatly restrict Digital Euro access and can exclude a large proportion of citizens who do not use contactless devices.
- DUBLIN, Jan. 25, 2024 /PRNewswire/ -- Reliance on new devices can greatly restrict Digital Euro access and can exclude a large proportion of citizens who do not use contactless devices.
- Integrating both software and hardware components reduces device obsolescence and allows Eurozone users to access the Digital Euro from any device.
- The Digital Euro might offer dual protection, including a crisis-averting mechanism if either hardware or software fails.
- "Fluency is of the opinion that the most viable path to Digital Euro adoption is to enable 24/7 access to safe and secure offline payments through durable and upgradable software, as it provides quality access which is not encumbered by potentially expensive new hardware.