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The Digital Euro Could Replace 50% Of Cash In Circulation, According To The ECB
The Digital Euro Could Replace 50% Of Cash In Circulation, According To The ECB
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The European Central Bank (ECB) has revealed that the digital euro, its future digital currency, could potentially replace up to 50% of cash in circulation and significantly impact bank deposits. This marks a strategic turning point for Europe in the face of digital assets. The ECB anticipates that the digital euro could also replace up to 30% of bank deposits. Three adoption scenarios are being considered, with an impact ranging from 15 to 256 billion euros in withdrawn banknotes. The official launch of the digital euro is scheduled for October 2025.
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