ECB: potential users expect privacy and security from digital euro

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The European Central Bank (ECB) has completed public consultations on the launch of the digital euro. More than 8,000 people and companies took part in the discussion.

The consultations began on October 12, 2020 and ended on January 12, 2021. Of course, a full analysis of the collected proposals has not yet been carried out – the report will be presented in the spring before the meeting of the ECB Governing Council. It is then that the fate of the European digital currency will have to be decided.

However, some statistics are already known. Thus, 41% of respondents named privacy as the most important characteristic of the digital euro. Also, respondents expect high security from the European cryptocurrency infrastructure and availability in most parts of Europe.

“The large number of proposals indicates a high level of interest of European citizens and companies in the development of the digital euro. The opinions of citizens, firms and any other participants in the financial system are of the utmost importance to us, because this is how we see the best ways to use digital currency, ”said Fabio Panetta, ECB Board Member and Head of the Digital Euro Project.

Recall that in mid-December, the ECB’s Governing Council issued a statement in which it spoke about the creation of new business models after the launch of the digital euro.

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