Given the ongoing investigation by the European Central Bank on a possible Digital Euro, EPIF is delighted to share its written feedback to the first European Retail Payments Board Digital Euro Focus Session with the non-bank payment sector.

The first and foremost priority is to know the design of the Digital Euro, on which the success and attractiveness of most of the use cases will be dependent on. So as to facilitate such a gradual and generic approach based on market demand, EPIF recognises the need for the Digital Euro to provide legal certainty by being recognised as Legal Tender but stresses that this does not need to go hand in hand with immediate mandatory acceptance by all parties and at the same time.