2min chapter

The ECB Podcast cover image

A digital euro: what, why, when? (part 1)

The ECB Podcast

CHAPTER

Digital Euro

It will be for everybody in the Euro area. It's kind of like a digital version of banknotes and coins. The most important part is really the source of money that you pay with. If you now pay with your card, you pay with what we call commercial bank money or private money. You have a claim to the bank with digital Euro. That is in essence really the difference.

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