Remove Data Encryption Remove End User Remove Payee
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European Central Bank sets out business model for digital euro

NFCW

. “When paying offline, personal transaction details would only be known to the payer and the payee and would not be shared with payment service providers, the Eurosystem or any providers of supporting services. NFC provides a highly convenient end-user experience which consumers in the euro area are already familiar with.

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ECB Publishes First Progress Report on Digital Euro Preparation Phase

Fintech Finance

Digital euro privacy The design of the digital euro includes an offline functionality that would offer users a cash-like level of privacy for payments in physical shops and between individuals. It has also assessed other essential aspects of offline digital euro payments, with a view to making them seamless, secure and user-friendly.