The European Central Bank is developing a digital euro to adapt to the digital economy and maintain control over payment systems amidst geopolitical tensions.
The European Central Bank (ECB) is initiating the development of a digital euro to modernize financial transactions and ensure that European companies dominate the payment market. This initiative comes at a time of increasing global geopolitical tensions, which pose a threat to Europe's financial sovereignty. The move to a digital currency aims to enhance efficiency in payment systems while reducing reliance on private operators.
