European Central Bank ( ECB), the digital euro to online and peer-to-peer payments He said he should prioritize.
Europe Centre baseIn documents published on his website, the digital euro allows for online purchases and payments between friends. indicated that it should be prioritized.
That said, transfers to stores and governments may take longer to develop, but basic personal use should be free.
First Release Will Prioritize E-Commerce and Peer-to-Peer Payments
WednesdayThe report, published before the meeting that will be held on the next day, shows that other uses such as paying taxes, receiving benefits payments or even making payments through physical stores, central bank digital currency ( CBDC) can be followed at a later stage.
ECB, CBDC just one of many global jurisdictions considering whether to export it. Authorities are still evaluating options and addressing issues such as user needs and market gaps. That said, the agency is scheduled to make an official decision later this year.
of the ECB digital euroThe document prepared by the project team states: “A gradual approach from a practical point of view will contribute to providing a seamless end-user payment experience”.
The report states that the initial release will be for e-commerce and peer-to-peer payments between private individuals.
In the report, it was stated that the use of euros for private individuals should be free for basic applications such as participation and payment. However, it was stated that new laws could be enacted to discourage banks from charging investors too much for use.
