The digital euro is a proposed central bank digital currency (CBDC) that would be issued by the European Central Bank (ECB) to complement physical euro cash. It aims to provide a secure, efficient, and convenient means of payment for consumers and businesses, enhancing the overall functionality of the eurozone financial system. As a CBDC, the digital euro seeks to address the challenges posed by the rise of cryptocurrencies and to ensure that central banks retain control over monetary policy in an increasingly digital economy.
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