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14 April 2021

ECB: Report on the public consultation on a digital euro

The possible advantages of a digital euro and the rapid changes in the retail payment landscape imply that the Eurosystem needs to be equipped to issue it.. A digital euro could support the Eurosystem’s objectives by providing citizens with access to a safe form of money...

We asked 18 questions to collect views on the benefits and challenges of issuing a digital euro and on its possible design. Our public consultation ran from 12 October 2020 until 12 January 2021.

The overview of the 8,221 responses is published in this report. It will provide important input for the Governing Council’s decision in mid-2021 about whether to launch a digital euro project to formally investigate its possible design and use.


Privacy, security and the ability to pay across the euro area all matter

Privacy is considered the most important feature of a digital euro by both citizens and professionals. A digital euro should also be secure, cheap and easy to use throughout the euro area. More

Integration with existing payment solutions is important

Licensed intermediaries should play a role in the provision of digital euro services. They would be best suited to provide innovative and efficient services, integrating them into existing banking and payment systems. More

Cards, wallets and smartphones could provide cash-like features

All currently available hardware and software solutions could be adapted to use a digital euro and make payments similar to cash transactions, so long as they continue to do so safely and securely. More

Presentation of the results

We will do our best to ensure that a digital euro meets the expectations of citizens as highlighted in the public consultation, says Executive Board member Fabio Panetta presenting the results of the public consultation to the European Parliament’s Committee on Economic and Monetary Affairs on 14 April 2021.

Eurosystem report on the public consultation on a digital euro

ECON Hearing


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