CBDCs Are Imminent!! Digital Euro Update You Can’t Miss!!
Published: 2023-10-26
Status:
Available
|
Analyzed
Published: 2023-10-26
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The digital euro is predicted to launch in late 2025 or early 2026.
"it looks like the digital euro is on track for a launch in late 2025 or early 2026"
Pending
Businesses will not be allowed to hold any amount of digital Euros.
"business users would have a zero holding limit meaning they would not be able to accumulate Holdings of digital Euro"
Pending
There will be a limit of €3,000 for digital Euro holdings, with excess amounts automatically converted to regular Euros.
"the max limit is currently set at €3,000 you'll also also know that any Holdings above this amount will automatically be converted into regular Euros by your bank"
Pending
The offline mode of the digital euro is promised to offer privacy comparable to cash.
"offline wherein the ECB promises a cash-like level of privacy"
Pending
The digital Euro legislation is expected to pass.
"assuming the digital Euro legislation is passed and it probably will be"
Pending
The preparation phase for the digital euro will last for two years, starting from November.
"the ecb's work will enter the preparation phase which will last for 2 years from November"
Pending
More than 90% of central banks are planning to launch their own Central Bank Digital Currencies (CBDCs).
"over 90% of central banks are planning on rolling out a cbdc of their own"
Pending
A Euro stablecoin might be adopted, potentially making the digital euro unnecessary.
"it's possible that a Euro stable coin will be adopted to the point that a digital Euro just isn't needed"
Pending
Businesses will have a zero holding limit for digital Euros in their online form, but will be allowed to hold them in offline form, with a limit to be set closer to launch.
"businesses will have a zero holding limit ... however, they will be allowed to hold digital Euros in their offline form"
Pending
Payment service providers might be able to share private data with the ECB, potentially mandated by the EU's Data Act.
"payment service providers may have the ability to share their private data with the ECB"
Pending
The digital Euro will have limited use as an investment vehicle.
"the digital Euro's use as a means of investment will be limited"
Pending
Transactional limits will be imposed on digital Euros for fraud prevention, with transactions exceeding a few hundred potentially flagging as suspicious.
"there will be transactional limits on digital Euro Holdings in the name of fraud prevention ... transactions of more than a few hundred could raise a red flag"
Pending
The digital Euro's availability will eventually expand to European countries that do not use the euro.
"the next step will be to expand the availability of the digital Euro to other European countries that don't use the euro as their currency"
Pending
The EU's digital identity wallet will have a built-in wallet, and there's a 'digital Euro scheme' that mandates businesses to pay employees in digital Euros.
"the eu's digital identity wallet will come with a built-in wallet ... the authors then pivot to discussing their so-called digital Euro scheme"
Pending
The ECB's governing Council will make the final decision on whether to issue the digital euro.
"the ecb's governing Council will make the final decision to issue a digital Euro or not"
Pending
The digital Euro is projected to launch in late 2025 or early 2026.
"it looks like the digital euro is on track for a launch in late 2025 or early 2026"
Pending
The preparation phase for the digital Euro will last for two years, starting from November.
"the ecb's work will enter the preparation phase which will last for 2 years from November"
Pending
The initial maximum limit for holding digital Euros is set at €3,000.
"the max limit is currently set at €3,000"
Pending
Businesses will not be allowed to hold any digital Euros.
"business users would have a zero holding limit meaning they would not be able to accumulate Holdings of digital Euro"
Pending
The limit for offline digital Euro holdings for businesses will be determined closer to the launch date.
"the limit on offline digital Euro Holdings for businesses will be set closer to the launch"
Pending
The digital Euro will eventually be made available to European countries that do not currently use the euro.
"the next step will be to expand the availability of the digital Euro to other European countries that don't use the euro as their currency"
Pending
Cash usage at point of sale in the Euro area decreased from over 70% in 2019 to 59% in 2022.
"in 2022 cash was still the most frequently used payment method at the point of sale in the Euro area and was used in 59% of transactions note that it was over 70% in 2019"
Pending
The legislative process for the digital Euro began in June and is expected to take about another year to conclude.
"the legislative process began back in June and it will probably take another year or so to play out"
Pending
The preparation phase for the digital Euro will last for two years, starting from November.
"the ecb's work will enter the preparation phase which will last for 2 years from November"
Pending
There is a suggestion that the ECB will develop its own dedicated digital Euro app.
"the authors seem to suggest that the ECB will actually develop its own digital Euro app"
Pending
Over 90% of central banks globally are planning to launch their own central bank digital currencies.
"over 90% of central banks are planning on rolling out a cbdc of their own"
Pending
The digital Euro is expected to launch in late 2025 or early 2026.
"it looks like the digital euro is on track for a launch in late 2025 or early 2026"
Pending
The maximum limit for holding digital Euros is currently set at €3,000.
"the max limit is currently set at €3,000"
Pending
Businesses will have a zero holding limit for digital Euros.
"business users would have a zero holding limit"
Pending
The limit for offline digital Euro holdings for businesses will be determined closer to the launch date.
"the limit on offline digital Euro Holdings for businesses will be set closer to the launch"
Pending
Transactional limits will be placed on digital Euro holdings for fraud prevention purposes.
"there will be transactional limits on digital Euro Holdings in the name of fraud prevention"
Pending
The ECB's work on the digital Euro will enter a two-year preparation phase starting from November.
"the ecb's work will enter the preparation phase which will last for 2 years from November"
Pending
The ECB intends to engage with the public during the digital Euro's preparation phase.
"the ECB plans on reaching out to the public during this stage"
Pending
More than 90% of central banks globally are planning to introduce their own central bank digital currencies (CBDCs).
"over 90% of central banks are planning on rolling out a cbdc of their own"
Pending
A Euro stablecoin might become prevalent enough that a digital Euro becomes unnecessary.
"it's possible that a Euro stable coin will be adopted to the point that a digital Euro just isn't needed"
Pending
New industries may emerge to offer proxy services for managing CBDC transactions.
"it's possible that there will be new industries that provide these sorts of proxy services"
Pending