EU to build no-fee payments service like Visa/Mastercard and Apple/Google Pay

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Summary

Digital euro: what it is and how we will use the new form of cash The European Central Bank is determined to break the US grip on card payments Digital euro. Image: GettyIt鈥檚 January 1, 2029, the first day of the digital euro. You are in a shop buying milk and bread, and decide to pay with this new money. How exactly will it work?If you have a bank account, the digital euro will sit inside its app on your phone. The cost of the bread and milk can be taken out of your digital-euro wallet, which is separate from your regular bank account. You don鈥檛 have a bank?

First seen: 2025-12-29 11:00

Last seen: 2025-12-29 11:00