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Good evening virtual friends, how are you tonight? While surfing the net tonight, I came across one very interesting topic that I wanted to share with you. It is a common European currency or abbreviated EURO.
As Europeans increasingly turn to digital spending, savings and investment, the European Central Bank is considering the introduction of the digital euro. The role of the European Central Bank is to ensure confidence in money. This would mean that it is necessary to examine whether the euro corresponds to the digital age. If appropriate, they will have to issue a digital Euro. They plan to conduct the test with a pilot project that will start in mid-October. According to the European Central Bank's plan, the digital Euro would be similar to Bitcoin, but again, unlike it, it would be under the control of the central bank.
Digital currencies use blockchain technology, so the Euro would be based on that technology, and its application would be in internet transactions.
The digital version of the common European currency would be available to all citizens and companies in the euro area. The European Central Bank envisioned the digital euro as a supplement to cash, not as a substitute.
The trial phase and public consultation of this project will begin on October 12.
My honest opinion regarding this project of the European Central Bank is that this is a very big step, but for us who use digital money it is very good, especially for the residents of the European Union.
I hope you enjoyed the article. I greet you all and wish you all good night! @Jigglyspy
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