A recent survey by the Deutsche Bundesbank found that despite half of Germans being open to using the digital euro as a payment option, many are unaware of its existence or purpose.
Three in five respondents admitted they had never heard of the digital euro, while misconceptions abound among those who had some knowledge.
Privacy emerges as a significant concern among respondents, with over 75% prioritising better privacy features in the digital euro.
The European Central Bank (ECB) is actively working on the digital euro, aiming to ensure privacy and compatibility with European infrastructure, with plans for possible issuance by 2028 at the earliest.