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Europe wants the digital euro

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The EU Parliament makes a big choice. It wants to talk about the digital euro. The digital euro is money for the computer. You use it on your phone too. It is no replacement for real cash. It makes paying on the internet easy. You can pay in shops with it too.

Today, firms from the USA rule the market. Examples are Visa or Mastercard. Europe wants to be more free from them. The digital euro is very safe. Data protection is good for the people. The European Central Bank looks after the money.

There is a plan for the new money. The laws are ready in 2026. Tests start in 2027. People use the money in 2029. You need a bank account for it. Or you use a digital wallet. The basic wallet costs no money.

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Definitions

Digital euro
The digital euro is new money for the computer.

Locations

Europe
Europe is a continent with many countries.
USA
The USA is a big country far away.

Sources

Südtirol News

EU-Parlament für Verhandlungen über digitalen Euro bereit

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Logo VOL
VOL

EU-Parlament startet Verhandlungen über digitalen Euro

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Logo FAZ
FAZ

Wie geht es jetzt weiter mit dem digitalen Euro?

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