The digital euro is basically public digital cash.

And the European Parliament’s ECON Committee approved its position on the digital euro framework by a 43 to 14 vote.
“But what does this actually mean unc?”
Welp, it means that the EU basically wants payment sovereignty.
And Europe doesn’t want everyday payments to depend so heavily on @Visa, @Mastercard, and other non-European rails.
And tbh, I get it, because if you’re trying to build financial infra for the future, you need a payment system that matches where tech is going.
If most of that system is run by outside entities, it becomes harder to control costs, protect local interests, and build around your own rules while keeping financial infrastructure in sync with how people and businesses actually move money.
So the vote is in, but this still needs to go through negotiations before the legal framework is finalized.
After that, the ECB is planning a 12-month pilot phase with selected merchants and payment service providers, with a possible launch around 2029.
Curious to see who’s going to take part in this.