Digital Euro: Cash meets Technology
At Banka Slovenije, we have organised a roundtable entitled Digital Euro: Cash meets Technology, where the panellists discussed why central banks are considering issuing a digital euro, the benefits of digital currency for users, the potential risks and what a digital euro would make for cash.
In recent years, central banks have been challenged to respond to the changes that digitalisation has brought to the payment landscape. This is why the Eurosystem is exploring the possibility of issuing its own central bank digital currency – a digital euro. It would provide an additional secure and trusted means of payment, complementing cash and, in a simplified way, being conceived of as digital cash. After we started the exploratory phase of the Digital Euro project in October 2021, we have decided within the ECB to move to the next, preparatory phase.
The event was opened by Governor Boštjan Vasle, and the progress of the digital euro project was presented by Simon Anko, Director of the Payment and Settlement Systems at Banka Slovenije. The roundtable, chaired by Vice Governor Marko Pahor, hosted Peter Kažimír, Governor of Národná Banka Slovenska, Madis Müller, Governor of Eesti Pank, Edward Scicluna, Governor of the Central Bank of Malta, Gediminas Šimkus, Governor of Lietuvos bankas, Boris Vujčić, Governor of Hrvatska narodna banka, and Governor Boštjan Vasle. Among other issues, they discussed why central banks are considering issuing a digital euro, the benefits of a digital currency for users, the potential risks and what a digital euro would make for cash.