The digital euro, an alternative to cryptocurrency, is taking shape. The Frankfurt institute should give the green light to the most important project since the introduction of the euro, starting with an evaluation phase and then tests.

As part of a global effort to meet the growing demand for electronic means of payment and to address the rise of cryptocurrencies, the European Central Bank took a first step on Wednesday towards the launch of a version euro digital. “The Governing Council of the European Central Bank (ECB) decided today to launch the investigation phase of a digital euro project,” the ECB said in a statement. She adds “the investigation phase will last 24 months and will aim to address key questions regarding design and distribution”. If all goes well, the digital euro could see the light of day around 2025 and be added to citizens' means of payment.