Why a Digital Euro Could Be a Game-Changer for Payments

Why?

In today's world, where technology is everywhere, having a backup payment method is crucial.

Imagine a Scenario Where Banks or Payment Services Are Hit by a Cyberattack.

What happens then?

That's where a digital euro comes in.

A Digital Euro Could Act as a Safety Net

If a bank's app goes down but its backend systems are still running, customers could still access their accounts through the ECB's digital euro app.

This ensures that people can still make payments even when regular methods fail.

What If There's a Power Outage?

A digital euro app with offline functionality could be a lifesaver.

It would allow people to make transactions even when regular payment methods are down.

This is especially important as society moves away from cash.

In the End, a Digital Euro Could Be a Game-Changer

It could provide a reliable backup payment method, ensuring that people can still make transactions even in the face of major disruptions.