ECB publishes the results of the public consultation on a digital euro | Crypto Craft

  • ECB publishes the results of the public consultation on a digital euro

    From ecb.europa.eu

    Citizens and professionals alike value privacy most for possible future digital euro Preference for a digital euro being integrated into existing banking and payment systems Public consultation provides valuable input for Eurosystem’s decision in mid-2021 on starting formal investigation on digital euro The European Central Bank (ECB) has published today a comprehensive analysis of its public consultation on a digital euro. The analysis confirms, by and large, our initial findings: what the public and professionals want the most from such a digital currency is privacy (43%), followed by security (18%), the ability ... (full story)

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TudorIoan
Apr 14, 2021 12:46am
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So a digital euro will give us what we want:

1. privacy
2. security
3. easy to pay across the euro area and cross-border as well
4. no additional costs
5. offline usability

Privacy is the most important feature of a digital euro for both the public and professionals, especially merchants and other companies.
A way to avoid illicit activities...
Intermediaries providing innovative services that allow access to a digital euro ..even for the "unbanked"..
Additional services provided on top of basic digital euro payments..
Digital euro should make cross-border payments faster and cheaper..
Need Smart cards and some secure element in smartphones would be preferred to facilitate cash-like features..
We'll see holding limits, tiered remuneration, to manage the amount of digital euro in circulation..

Fewer than one in ten responses from members of the public showing support for full anonymity ! Just about the percent of criminals in society.
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