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The European Parliament's forthcoming deliberations are decisive. The outcome will either pave the way for a competitive digital euro by 2026 or stifle its potential (Photo: Pexels)

Why are the banking lobby afraid of a digital euro?

Over the next few weeks, the European Parliament will negotiate and vote on legislation for the digital euro. This new form of money could transform the way Europeans handle payments, savings and investments.

An attractive digital euro is a universally accessible form of public (central bank) money that combines the privacy and safety of cash with the convenience of digital transactions. Its purpose is to update cash to the digital age. To achieve widespread accessibility and innovatio...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Dr Martijn van der Linden is professor of practice in new finance at the University of Applied Sciences in The Hague. Vicky Van Eyck is director at Positive Money Europe, which advocate and campaign for a fair, democratic & sustainable economic system.

The European Parliament's forthcoming deliberations are decisive. The outcome will either pave the way for a competitive digital euro by 2026 or stifle its potential (Photo: Pexels)

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Author Bio

Dr Martijn van der Linden is professor of practice in new finance at the University of Applied Sciences in The Hague. Vicky Van Eyck is director at Positive Money Europe, which advocate and campaign for a fair, democratic & sustainable economic system.

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