ECB publishes progress report on digital euro and study on possible features of a digital wallet
- PRESS RELEASE
- - PRESS RELEASE
ECB publishes progress report on digital euro and study on possible features of a digital wallet
24 April 2023
- Digital euro potentially available initially to euro area residents, merchants and governments
- Digital euro could be made available via existing banking apps and Eurosystem app
- Offline and person-to-person payments across euro area seen as highly valued
The European Central Bank (ECB) today published the third progress report on the digital euro, as well as the findings of focus groups commissioned by the ECB concerning people’s views on the features of a potential digital wallet. - In its initial releases, a digital euro would be accessible to euro area residents, merchants and governments.
- The report also anticipates the potential provision of cross-currency functionalities with other central bank digital currencies outside the euro area.
- The digital euro project is for the people of Europe”, said Executive Board member Fabio Panetta, who chairs the High-Level Task Force on a digital euro.