Will there be an e-Euro?

In July this year, the European Central Bank (ECB) announced a project to create a digital Euro with a roll-out plan over the next five years. The project’s aim is to create a new, secure means of digital payment for citizens across the Eurozone. The digital Euro, called e-Euro, would be an electronic version of Euro notes and coins, with a digital wallet that would be safely stored directly at the ECB rather than a commercial bank. The ECB sees the e-Euro as a complement to cash, not a replacement of cash.