The digital euro is one step closer to becoming a reality after a key parliamentary committee backed its launch in an effort to reduce the bloc’s reliance on foreign payment systems like Visa (V) and Mastercard (MA).
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Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights The digital euro aims to provide a secure, EU-issued payment option, reducing dependence on foreign systems like Visa and Mastercard. The digital euro will use technologies such as zero-knowledge proofs to verify transactions without exposing personal data. While the EU is advancing toward a digital euro, countries like Nigeria, Jamaica, and the Bahamas have launched CBDCs, major economies are piloting them, and the US has paused similar efforts until after 2030