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The European Central Bank is advancing its digital euro project, emphasizing enhanced payment security and broader financial inclusion. Executive Board member Piero Cipollone outlined how the CBDC would safeguard against infrastructure disruptions and serve vulnerable populations. The proposal includes offline functionality and adaptive interfaces to ensure accessibility for all Europeans.
- The digital euro will include offline functionality for peer-to-peer transactions during power or network outages, enhancing payment resilience.
- An ECB-mandated app will ensure transaction continuity if private banks face cyberattacks, adding a layer of public infrastructure to the financial system.
- Adaptive interfaces like voice commands and large-font displays are being developed to support citizens with disabilities or limited digital literacy.
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