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The Bank of Spain releases a CBDC research report: Digital euro will make electronic payments an important part of the financial system

According to a CBDC research report released by the Bank of Spain, the nature and uses of CBDC are explained, with a special emphasis on the digital euro driving electronic payments to become the core of the financial system. The article also mentioned that the digital euro will have offline payment and privacy levels similar to cash. However, user data will still be controlled by specific financial institutions, not CBDC infrastructure providers. Other European countries, such as the Bank of Finland, have also expressed support for the digital euro, seeing it as a highly anticipated project in the European payment field. The European Central Bank emphasized that the digital euro will bring Europe a more convenient life and a stronger future.

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