European Central Bank draws up plans for digital euro app for contactless and QR code payments

Fabio Panetta, European Central Bank (ECB)

The European Central Bank (ECB) is considering plans to develop a digital euro app that would enable consumers to use the proposed central bank digital currency (CBDC) to make contactless and QR code-based payments and “facilitate a standard approach to connecting end users to intermediaries” including banks and other payments processors... More



European Central Bank lays out design options for digital euro

European Central Bank

The ECB has laid out a series of design and distribution options for a digital euro that describe how the Eurosystem and supervised intermediaries such as commercial banks would operate in order to issue, distribute and settle transactions made using the proposed central bank digital currency. More










What's New in Payments

ECB survey reveals Europeans expect digital euro to be private, secure and easy to use

ECB survey of European opinions of digital euro graph

More than two-fifths (43%) of Europeans rank privacy as the most important feature of a digital euro central bank digital currency (CBDC), with 18% citing security, 11% the ability to pay across the eurozone, 9% the lack of additional costs and 8% offline usability, according to a European Central Bank (ECB) survey... More







What's New in Payments

European Central Bank sets out case for a digital euro

European Central Bank digital euro CBDC

The introduction of a digital euro “would support Europe’s drive towards continued innovation”, “strengthen the international role of the euro” and provide consumers with “free access to a simple, universally accepted, risk-free and trusted means of payment”, according to a new report published by the European Central Bank (ECB)... More