This way, central bank digital currency could be an important building block for public money to continue to act as an anchor for all forms of money denominated in euro, even in an increasingly digitalised economy. The second perspective concerns payment transactions in Europe. The introduction of a digital euro could support progress in the area of payments and increase Europe’s sovereignty.
There is currently no single cross-border solution for e-commerce or card payments for the euro area that is based on European infrastructure. In order to overcome this deficit, the Eurosystem may also be able to build on work started by the private sector “European Payments Initiative,” which includes a common digital wallet, amongst other ideas.