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digital euro

Europe News

European Parliament to 'test' support for digital euro

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Economy

The future of cash: How much money do Europeans carry today?

Fewer and fewer consumers are choosing to use cash, instead relying on cards and mobile payments. Even so, for some consumers and within certain sectors — cash remains king.

The Cube

Is the EU trying to control your wallet?

Numerous rumours about the digital euro have been circulating on social media for months. According to some users, the currency will be used to monitor financial transactions or could even threaten individual freedoms. The Cube has debunked some of these claims.

Europe News

European consumers want a reliable, easy-to-use and free digital euro

EU policymakers are still working on the digital euro's legislative framework, but the ECB says it could be ready by mid-2029.

Europe News

ECB: Digital euro will be profit-making for payment service providers

The EU Commission estimates it would cost between €2.8 and €5.4 billion to roll out the digital euro across the whole Euro area.

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Europe News

Digital euro talks gain speed — but key hurdles remain

EU finance ministers are racing to agree on the legal framework for a digital euro by the end of 2025, but thorny issues remain, from privacy and data protections to limits on holdings and the role of non-euro countries.

Economy

Digital Euro: What is it and why do we need it?

The digital euro aims to preserve the role of cash in the digital era, ensuring secure, inclusive payments and protecting eurozone monetary sovereignty. While it won’t rival the dollar globally, it could strengthen Europe’s financial autonomy.

EuroVerify

Is the EU banning American credit cards?

Social media users allege that ECB President Christine Lagarde has announced plans to get rid of the likes of Visa, Mastercard and PayPal.

EuroVerify

No, Norway and Sweden haven't banned digital transactions

The claims appear to have sprung from reports that the Nordic countries have started advising citizens to keep a supply of cash at home in the case of a digital banking crisis.

Economy

ECB's Lagarde signals inflation relief, urges push for a digital euro

ECB President Christine Lagarde told the European Parliament that inflation is easing and rate cuts are taking effect but warned of trade risks. She reaffirmed a cautious, data-driven approach and stressed the need for a digital euro to strengthen Europe's financial autonomy.

EuroVerify

No, Christine Lagarde doesn't want to scrap cash for climate

A video is being shared on social media which allegedly shows Christine Lagarde, president of the European Central Bank, calling for the abolition of cash in order to reduce our carbon footprint.

Money

Which countries in Europe are most prepared to go cashless?

The Nordic countries are leading the way for adopting a future without cash transactions, while Armenia, Georgia, and Germany fall behind, according to a recent analysis.

Business

Cross-border payments still not easy enough, says Revolut Europe CEO

Launched in 2015, Revolut announced earlier this month that it had hit the 50 million customer mark globally, emerging as the most downloaded financial app in Europe.

Europe News

EU must keep 'urgency' of digital euro process, says ECB project lead

Evelien Witlox, project director for the digital euro at the European Central Bank, discusses how the proposal is progressing, how the currency would work in practice, and what the key concerns are at this stage.

Radio Schuman

Chinese EVs tariffs fallout: Is Germany losing influence in Brussels?

Is the EU one step closer to a trade war with China? What does last Friday's vote on the bloc's tariffs against Chinese-made electric vehicles mean for Berlin's influence in Brussels? Find the answers in today's Radio Schuman podcast episode.

Radio Schuman

How will France's new right-leaning government impact the EU?

After weeks of tough negotiations, France unveiled its new government, which sharply shifted to the right.

Money

Over 130 countries now exploring digital currencies as interest soars

Central banks worldwide are now looking into digital currencies, according to a new study from a US think tank.