PANews, December 3 - According to The Block, the European Central Bank (ECB) has released its second progress report on the digital euro project, outlining the latest work on a unified digital payment system for the eurozone. The report updates the digital euro program's rulebook, including minimum user experience standards and risk management frameworks, and conducts user research to understand preferences, supporting the potential launch of the digital euro.
The report indicates that the ECB will collaborate with merchants, payment service providers, fintech companies, and universities to test innovative use cases such as conditional payments, with research results expected to be published in July 2025. In addition, the ECB has completed its application collection for digital euro components and related service providers, and the results will be made public in 2025. The report emphasizes that the digital euro will provide fair fees for consumers and merchants, offer high privacy protection, and support the future development of the European payment system.