The European Central Bank (ECB) is preparing a digital euro project, which will constitute a new, electronic form of money. As reported by the ECB, this solution is intended to function alongside traditional banknotes and coins [S1].
According to the project's assumptions, basic functions for individuals, such as payments or opening an account, are to be free of charge.
The implementation process involves specific timeframes. EU institutions plan to reach an agreement on regulations regarding the digital euro by the end of 2026.
The ECB indicates that the currency could enter general circulation no later than the end of 2028. It is worth noting, however, that some studies also mention 2029 as a possible implementation date [S2].
