European Central Bank presses forward on the publication of digital euro €

As the world is become more advanced in digitalization of currency,the central bank of Europe set to implement a digitalized version of euro which will be use to make transactions,this digital euro intended to be use all across Europe,this digital euro wallet will be linked to the bank account of user,which then could be turned into a physical cash.

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Digital euro innovation can help boost the online and offline payment of daily transactions in Europe, despite this innovation has not yet been launched,due to some backlash of lawmarkers,saying it will only benefit the minority and leave the majority in a venerable state,this doubtfulness makes the central bank of Europe to act on making a yearly audit just to also protect the interest of the retailer.

Different between crypto currency and digital euro
For the fact that crypto currency and digital euro are both digital,does not make them the same,crypto currency is not been controlled or regulated by any bodies,including the government of any country,that makes crypto currency special in it own way,whilst digital euro will be regulated and controlling by the central bank of Europe.
As the world is getting involved in a digitalized form of making transactions,i think it is only right for the central bank of Europe to keep this digital euro in play,the project was said to cost around €1.2 billion,will this project benefit both the privileged and less privileged,after noticing it will be a controlled type of implementation,well nothing is yet to be decided but through what European Central Bank in conjunction with lawmakers claim to be their aims and objectives,it sure will benefit the whole European citizens.

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