The much-anticipated digital Euro is in the news again as a member of the Executive Board of the European Central Bank, Fabio Panetta, announced in a blog today that Europe “must prepare to introduce a digital euro to complement its cash payments.”

The Executive acknowledged a growing “trend towards cashless, contactless payments,” in the region, and he also re-emphasized that the digital euro would complement cash, and not replace it, previously mentioned by ECB president Christine Lagarde. Last week, Lagarde stated that the digital euro would provide an alternative to “private digital currencies.”

So far, other central banks around the world have also begun studying applications of digital currencies to their existing payment systems, with central banks in China, Japan, Brazil, and even the UK and the US making announcements of their own. In fact, The People’s Bank of China called the issuing of CBDCs a new global “battlefield.”

The central bank in China has even started major trials in the case of its digital currency, the e-yuan, in four major cities earlier this year. Meanwhile, Sweden’s Riksbank was also studying and testing the application of digital krona. However, the U.S Federal Reserve as well as the Bank of England, have been deliberate in their approach to their own central bank digital currencies.


https://eng.ambcrypto.com/european-c...-digital-euro/

As long as its "complementing" & not replacing.

Also it seems like this is all a reaction to bitcoin & cryptocurrencies, so, that's that for dreams of lambos on the moon once something with weight enters the market.