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EU in panic mode, rushes out digital ID wallet & pushes for digital euro

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EU in panic mode, rushes out digital ID wallet & pushes for digital euro

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EU unveils digital ID wallet that can link to citizens’ bank details, driving license and other services

EU unveils digital ID wallet that can link to citizens’ bank details, driving license and other services

The European Commission has launched the EU’s new digital identity wallets, allowing users in the bloc’s 27 member states to prove their identity and access services via their mobile phones. The EU’s 450 million citizens will be able to use the service to file tax returns, open bank accounts, enroll at universities and link their national digital identity to their driving license, officials said at a press conference on Thursday.

ECB says digital euro may be needed to combat ‘artificial currencies’

ECB says digital euro may be needed to combat ‘artificial currencies’

The European Central Bank has warned that a CBDC or digital euro may be required to head off the spectre of “artificial currencies” dominating cross-border payments.

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Alex Christoforou








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