Digital euro - frequently asked questions

We are increasingly making payments digitally and so the European Central Bank, together with the other central banks of the euro area, is considering issuing the euro into circulation in a digital form in addition to paper banknotes and coins. That would allow central bank money to be used for payments in digital environments as well.

Like euro cash, the digital euro will be accessible and accepted throughout the euro area as a free and secure means of payment that can be used both online and offline. The digital euro would be made available to citizens and companies by banks and other payment service providers.

The possible features and functions of the digital euro have been being analysed since 2021, and the discussion has involved market participants, the public and political policymakers. The final decision to issue the euro in digital form has not yet been taken.

Other central banks around the world are also considering issuing digital money into circulation.

Published 10.04.2024