The digital euro intends to be the next evolution of the European currency, but before its inception, it has already caused division in Europe.
The European Union launched the euro currency in 1999 as part of its ambitious plan to create a common European market.
Now, in the digital age, European institutions are contemplating the creation of a digital euro — part of what the European Central Bank (ECB) calls “the next step in the advancement of our currency.”
The digital euro recently completed the investigation phase of a multipart plan from the ECB to determine the design and technical aspects of the proposed central bank digital currency (CBDC).
