The European Central Bank is reportedly accelerating plans for a digital euro and is seriously considering building it on public blockchains such as Ethereum or Solana rather than on previously planned private networks. The move would mark a significant shift in approach to the design of a central bank digital currency (CBDC) in the EU.
According to available information, the ECB aims to decide on issuance of a digital euro by the end of this year and is still weighing the use of centralized versus decentralized technologies. Earlier EU priorities emphasized protecting user privacy, which had driven a preference for private systems similar to those used in some other state projects, including China’s digital yuan.
If the ECB opts for Ethereum or Solana, it would run counter to the prevailing direction of many state-backed CBDC initiatives that favor private blockchains. The discussion signals a notable rethink of infrastructure choices for a potential European CBDC. #ECB #DigitalEuro #Ethereum #Solana #CBDC #FiatNews
Login to reply