The "digital euro" project is moving steadily forward, as the digital euro is expected to become a reality with the increase in intangible financial transactions and the spread of cryptocurrencies after the European Central Bank recently launched the preparatory phase of the project, which aims to provide "the safest form of money."
Monetary decision-makers in Europe found themselves facing the challenge of accelerating the technological boom in financial transactions through a single digital currency that may reinvent the future of the industry's business, as the European Central Bank reaches a quarter of a century since its founding.
The trial, which begins next Wednesday, is expected to last two years and will pave the way for a future decision on the possible release of the digital euro. The phase includes tests and experiments in order to develop a currency that meets the requirements of the European system and the needs of users.
Source (Al-Arab Newspaper of London, Edited)
