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Why the digital euro is seen as a risk

Digital or cash? Doubts are growing.

(Bild: ©peterschreiber.media - stock.adobe.com)

If the European Central Bank (ECB) has its way, EU citizens will have another means of payment in addition to cash, debit and credit cards and various online payment services: the digital euro. However, experts are critical of it and warn of the risks.

Digital central bank money as a supplement to national currencies and competition for crypto money such as Bitcoin is being researched worldwide and, according to the ECB, should also be part of our everyday life in a few years' time. However, the "digital euro" is still a big unknown for most citizens - and experts also have doubts that the digital currency will catch on. Data protection and privacy may not be sufficiently guaranteed, they complain. Why this is the case.