ECB: Digital Euro Will Improve Payment Security and Inclusiveness
Source: ChainCatcher
Time: 2025-09-05 10:11:01
According to ChainCatcher, Piero Cipollone, an executive committee member of the European Central Bank, said on the European Parliament's Economic and Monetary Affairs Committee that the digital euro will strengthen Europe's defense against network and infrastructure disruptions while ensuring widespread access to digital payments.
Cipollone notes that Europe's reliance on foreign payment service providers puts citizens at risk during times of crisis. The digital euro will provide “alternative capability” to the financial system by adding public payment channels beyond private solutions. Planned security measures include cross-regional transaction processing, mandatory ECB-operated applications, and offline payment capabilities.