Digital Euro: Is the ECB about to make cryptocurrencies obsolete?

August 27, 2021

The ECB has announced that it is starting a long field test in order to explore the possibilities of using a digital currency in more detail. Within the next two years, the so-called digital Euro will be tested and the test results will most likely have a huge impact on the ECB's decision regarding the question if they are going to launch a digital currency. But how is the digital Euro different from stablecoins and cryptocurrencies? And will the digital Euro replace cryptos for good?