Benefits: https://ec.europa.eu/commission/presscorner/detail/en/qanda_23_3502 https://ec.europa.eu/commission/presscorner/detail/en/qanda_... - Digital paymen

Benefits: https://ec.europa.eu/commission/presscorner/detail/en/qanda_23_3502 https://ec.europa.eu/commission/presscorner/detail/en/qanda_... - Digital payments wherever you are in the euro area - Possibility to pay digitally even without access to the internet - More choice for consumers (alternative to Visa/Mastercard) - Possibility to pay digitally even if you do not have a bank account - Enhanced privacy for users: The digital euro would enable users to make digital payments while ensuring their data is protected. When using the digital euro offline, the privacy of the user is the same as when they use cash. The European Central Bank would not be able to identify individual digital euro users, nor what users do with their money. They would only have access to encrypted data, and only to the extent that this is necessary to settle digital euro transactions, and support payment services providers in performing their tasks. This means that state-of-the-art security and privacy-preserving measures would be used, to ensure that data cannot be used to directly identify a specific digital euro user by the ECB and the national central banks.Overall, the level of privacy introduced with the digital euro would be unprecedented for electronic payments. The European Data Protection Supervisor (EDPS) would ensure that this high degree of privacy is respected. cost: Basic services for end users such as opening and closing a digital euro account, consulting balances, funding and defunding your digital euro account, and making transfers and payments would be provided free of charge.