Digital Euro in Germany
The digital euro is a proposed form of central bank money for people and businesses in the euro area. German banks and payment providers would distribute it. The European Central Bank has not issued it; the EU still has to pass the regulation.
What banks and merchants would do
The ECB says supervised intermediaries would provide wallets and payment services. A linked bank account could cover a payment above the wallet balance. Merchants that accept digital payments would generally have to accept the digital euro under the proposed rules. Implementation costs, compensation and a holding limit remain practical questions for banks.
Pilot before issuance
The ECB is preparing a pilot for selected payment providers and merchants. A pilot is a test, not a launch for every customer. The ECB says it will decide whether to issue the digital euro only after the legislation is adopted. The Frankfurt page covers the ECB and Bundesbank work on the project.
Where Finance Loop fits
Finance Loop is a meeting place for payments specialists and banks discussing public and private digital money. Its partner Digital Euro Association runs the Digital Euro Conference. The digital euro explainer covers the basic design.
Events on this topic
Digital Euro in Germany and Finance Loop
Finance Loop is a partner of the Digital Euro Association and links its digital-money discussions to the Digital Euro Conference. Banks and payment providers can meet the people working on wallets, merchant acceptance and regulation at Finance Loop events.
Finance Loop is an expert network for new technologies in finance.