The ECB invites you to share your expectations on the digital euro
The European Central Bank (ECB) launches a public consultation on the digital euro. Everyone is invited to participate, and to share their opinion on the form that this central bank digital currency should take.
Give your opinion on the digital euro
For some time now, the European Central Bank and the national central banks of the euro area have been jointly studying the possible creation of a digital euro.
In order to help it in this process, the institution has just launched a public consultation aimed at obtaining the opinions of individuals and professionals on this issue. The ECB would like to know more about the public’s expectations, in particular with regard to the specific design of the digital euro, and its uses.
It is notably on Twitter that Christine Lagarde announced the launch of this consultation, so that “Europeans can really express their preference and tell us if they would be happy to use a digital euro as they use a euro coin or banknote. […] “
“We have started to explore the possibility of launching a digital euro. As Europeans increasingly turn to digital in the way they spend, save and invest, we should be prepared to issue a digital euro, if necessary. “
A fairly comprehensive questionnaire
To access the questionnaire, enter your email address on this web page . Then click on the link of the email you just received. After completing the security CAPTCHA, read the privacy statement and click on the „Next“ button. You are now in front of the questionnaire.
The questionnaire is divided into 2 parts, the first intended for the general public and the second intended more for professionals of the financial sector . Note that all comments collected will be published on the ECB ’s website at the end of the consultation period.
To begin with, the ECB invites us to rank in order of importance the functionalities that a digital euro should present. The remainder of the survey consists of many questions on the uses and functioning of the digital euro.
The public consultation then poses a very interesting question, which says a lot about the different possibilities envisaged by the ECB. This asks for the public’s opinion on the direction the digital euro should take :
“We can follow two different models to ensure the success of a digital euro: one that involves intermediaries to process payments and one without intermediaries,” the questionnaire states.
The ECB identifies two possibilities. The first is a digital euro designed for use in the form of cash payments . This option would be more respectful of the valuable life of use, and would make the digital euro functional even without an Internet connection.
The second digital euro model is undoubtedly the one favored by the ECB to date. This version would like intermediaries – in other words commercial banks – to record the transactions. According to the ECB, such a system would make it possible to offer advantages in services to individuals and businesses.
It is in particular on this point that the whole questionnaire is structured. It is very likely that the ECB plans to integrate commercial banks into the digital euro ecosystem, in order to develop its use among individuals.
However, this worries about the confidentiality of transactions, a feature that will disappear completely if the second model is adopted.« Bitcoin Cash, IOTA, Grundlegende Aufmerksamkeit Wertmarkenpreisanalyse: 30. Oktober