The European Central Bank released a few report a few days ago detailing its interest in the study of implementing a digital Euro. This matter will be decided by the Eurosystem, Europe’s financial ecosystem. A possible first phase, called the investigation place will begin should they decide so.
The abovementioned report also included detailed speculations regarding how a digital Euro would affect the Eurosystem and how it could future payments security. What is more, the report acknowledges the importance and necessity of a digital Euro for the European Union’s economy and prosperity.
Last but not least, the report listed the requirements that the digital Euro has to fulfill to become integrated in the Eurosystem.
After a number of large Asian economies began investigating the possibility of implementing their own digital currency it is no surprise the EU did as well.