Germany is calling for the creation of the digital euro

It must be Europe “in the foreground” Create a common digital currency and ‘Actively’ German Finance Minister Olaf Schultz said Friday, April 16th that working on this new payment instrument is until it sees the light of day.

“Sovereign Europe needs innovative and competitive payment solutions.”And he announced before a video conference of euro zone finance ministers (Eurogroup), which should address this issue. Digital currencies are stored in electronic media, without the need for a bank account, and are accepted as a method of payment by companies.

The European Central Bank will decide this summer whether or not to initiate the creation of the digital euro, after extensive consultations and studies conducted in recent months, one of its officials said this week. According to a public survey by the Frankfurt Foundation, which was also revealed this week, individuals and professionals questioned first and foremost expect confidentiality (43%) of the digital currency, followed by security (18%), and the ability to pay. In the Eurozone (11%), no additional fees (9%), and the ability to pay offline (8%).

The issue of cryptocurrencies is being closely studied by many countries, particularly in the face of the digital currency project that Facebook initiated, Libra. Several central banks are working on this issue, and China and its cryptocurrency project are among the most advanced.