🚨Digital Euro Incoming! 🇪🇺
The European Central Bank is gearing up for a massive shift! They’re aiming to support blockchain settlement in central bank money as early as 2025, and the digital euro is officially on track.
ECB officials foresee the first digital euro transactions happening by 2027, with full issuance by 2029. This isn’t just about innovation; it’s about strengthening Europe’s financial position and reducing reliance on things like stablecoins – which they see as a potential threat to monetary sovereignty.
The digital euro will be open to other institutions and CBDCs, and importantly, won’t restrict spending. Plus, an offline mode is planned for cash-like privacy! 💡 This could reshape the future of payments across the continent.