In this context, however, it is not just about the currency, but also about technological leadership, dominant standards and multilateral platforms that could perhaps also be used by other countries for their central bank digital currency. The second reason why a digital euro might make sense: people are paying less and less often with cash.
Market rules and practices A third contribution of the ECB relates to market rules and practices. Many commentators have recognised that European Monetary Union will contribute to the furthering of the harmonisation of market rules and practices.