Ethereum

Bank

Bitcoin

April

Read

Germany’s Deutsche Bundesbank has revealed the results of its survey, showing that around 50% of the respondents could “generally imagine” using a digital euro.
Many people in <a href="https://crypto.news/tag/germany/" target="_blank" rel="noopener noreferrer nofollow">Germany</a> are “open to the idea of the <a href="https://crypto.news/tag/digital-euro/" target="_blank" rel="noopener noreferrer nofollow">digital euro</a>,” according to the Deutsche Bundesbank, the country’s central bank, which <a href="http://www.bundesbank.de/en/press/press-releases/bundesbank-survey-widespread-acceptance-of-digital-euro-among-general-public--933322?data=h87ascrypto98yenews8we" target="_blank" rel="noopener noreferrer nofollow">published</a> the results of a survey conducted among 2,012 people in April 2024.
As per the results, around half of the respondents “could generally imagine using a digital euro as an additional payment option.”
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “People who were previously unaware of the digital euro also indicated that they were open to this new means of payment in the survey. The survey revealed that only 41% of respondents had already heard, read or seen some information about the digital euro, whereas 59% did not know anything about it.”
 Deutsche Bundesbank
</blockquote>
You might also like: <a href="https://crypto.news/european-central-bank-allocates-over-700m-to-propel-offline-digital-euro-development/" rel="noopener noreferrer nofollow"> European Central Bank allocates over $700m to propel offline digital euro development </a>
Yet, there’re still those who believe that the digital euro was intended to spy on citizen’s payments. Deutsche Bundesbank president Joachim Nagel noted that a “great deal of information still needs to be provided” as 8% of respondents said they think that the digital euro “was intended to monitor payment flow.”
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The survey shows us that a great deal of information still needs to be provided and that we have set the right priorities, such as privacy protection, in the preparatory work for the new European means of payment.”
 Joachim Nagel
</blockquote>
Deutsche Bundesbank executive board member responsible for cash and the digital euro project Burkhard Balz added that many respondents “still had patchy knowledge about the digital euro,” as 16% of respondents still believe that the digital euro will be a cryptocurrency.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “<q>The prices of crypto-assets such as Bitcoin or Ethereum fluctuate strongly. They do not fulfil the traditional functions of a currency; the stability of their value is not vouched for by a central bank</q>.”
 Burkhard Balz
</blockquote>
In early May, the Deutsche Bundesbank <a href="https://crypto.news/germanys-bundesbank-says-households-appear-open-to-cbdcs/" target="_blank" rel="noopener noreferrer nofollow">revealed</a> that nearly 90% of German households “appear open” to the idea of embracing a central bank digital currency (CBDC) during banking stress. At the time, the central bank found that many Germans were mainly open to CBDCs. Even without remuneration, almost half of the people said they would be okay with having digital euros.
Read more: <a href="https://crypto.news/swiss-central-bank-sees-no-need-for-public-cbdc-as-risks-outweign-benefits/" rel="noopener noreferrer nofollow"> Swiss central bank sees no need for public CBDC as risks outweigh benefits </a>

German public believes digital euro could be used for surveillance

crypto.news

Other articles published on Jun 4, 2024

Dogecoin (DOGE) Whales Accumulate Over 200 Million Tokens, Signaling a Bull Run

June Airdrops Offer Huge Gains

Experts Predict Dogecoin Surge

Celebrity memecoin promoter Sahil Arora banned by X

4 Cryptos for Long-Term Gains : Bitgert, Safle, Chain4Energy, Pawfury

Shiba Inu poised for a comeback? Watch the critical $0.000024 level

Join our free newsletter for daily crypto updates!