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

The Bank of Spain released a CBDC research report explaining the nature and uses of CBDC, with special emphasis on the digital euro will promote electronic payments to become the core of the financial system. The article also mentioned that the digital euro will have offline payments and cash-like privacy levels. However, user data will still be controlled by the specific financial institution, rather than the CBDC infrastructure provider. Other European countries, such as the Bank of Finland, have also expressed support for the digital euro, viewing it as a highly anticipated project in the European payments sector. The European Central Bank emphasized that the digital euro will bring more convenient life and a stronger future to Europe.