Digital-euro model deals banks into the game — but will consumers use it?

MLex Market Insight

On paper, the EU’s proposal to pursue a design for a digital euro should be viewed favorably by the bloc’s banks, because the model targets retail consumers, intermediated by banks and payment-service providers. This should allay the banks’ fear of being sidelined by the digital-euro ecosystem. However, the problem may now lie with convincing consumers of the attractiveness of a digital currency.