The European Central Bank (ECB) recently released the second progress report on the digital euro project, taking a promising step forward for the eagerly anticipated digital currency! The report details the user experience standards and risk management framework for the digital euro, ensuring that future use will be both convenient and secure.

To better serve small merchants and vulnerable consumers, the ECB will conduct an online survey in the coming months, with results expected to be revealed in mid-2025. Meanwhile, the ECB is establishing innovative partnerships with merchants, payment service providers, fintech companies, and others to test the payment conditions of the digital euro.

In addition, the ECB has completed a call for applications to select potential components and service providers for the digital euro, with results to be announced in 2025.🔍💶