These developments are also impacting on central banks' roles as backbone of payment systems, prompting us to find new answers to new challenges. One answer could be to make our currency, the euro, ready for the digital world of tomorrow. These discussions are centred around the concept of central bank digital currency, or CBDC for short.
So let me begin by outlining why we are exploring a digital euro. After that, I will present the potential core features a digital euro might have, before updating you on the current project status. 2 Why are we considering issuing a digital euro? Why are we considering issuing a digital euro?