Digital Euro 2025: Chance or risk for our privacy?

Digital Euro 2025: Chance or risk for our privacy?

Kalifornien, USA - From 2025, the digital euro will be introduced, which could be significant change in European payments. The digital euro is presented as a modern and secure addition to the traditional cash. This new form of central bank money is intended to ensure the availability and usability of means of payment in an increasingly digitized world. However, critics and data protectionists warn of possible disadvantages, especially the loss of anonymity in everyday life. Some also fear that the consumer behavior and possible state access to personal data, such as [Exxpress.at] (https://exxpress.at/news/express-live-live-7-30-Der-Digitale- euro-Comtile- 2025/) reports.

The most important characteristics of the digital euro are the possibility to pay everywhere and simple, contactless real -time payments, especially between private individuals. While cash continues to dominate, surveys show that the preferences of consumers are increasingly moving towards digital payments. Cash use in the euro area was only 51 % in 2023, while card payments rose to 33 %. The digital euro could also play an important role for payments between the state and individuals, such as for social benefits or taxes, according to the [European Central Bank] (https://www.ecb.europa.eu/press/date/2022/tml/ecbsp220330_1~f9a6137.de.

data protection and anonymity

A central topic in the discussion about the digital euro is data protection. Suggestions are examined that should enable users more privacy in payments in the case of payments in order to meet the guidelines for money laundering control. However, complete anonymity is considered non -viable to prevent illegal activities. When using the digital euro for the first time, users must identify, and only the necessary data should be visible for the respective transactions.

The legislative organs play a crucial role in the establishment of digital Euro as a legal means of payment, which is also intensively discussed the Bundesbank. The Taskforce of the Eurosystem works on the technical and regulatory aspects of the introduction. Further focus groups are planned to get feedback on the user experience and continue the dialogue with various stakeholders.

economic effects

The Eurosystem could not only reduce the dependence on non -European payment providers by introducing the digital euro, but also create a simple and convenient payment experience for around 350 million people in Europe. The need to adapt to these new framework conditions is reinforced by the increasing number of digital transactions and the increasing acceptance of card payments.

The introduction of the digital euro is planned for 2025, but many challenges are still imminent. The legislative process is expected to continue until autumn 2025, which dampens hope for early implementation. The uncertainty about the actual improvements announced by the government to relieve households also remains, especially in view of the high inflation of housing costs and living costs, which many perceive as unbearable.