TechFlow news, September 5 — According to CryptoSlate, Piero Cipollone, a member of the Executive Board of the European Central Bank, said at the European Parliament Committee on Economic and Monetary Affairs that the digital euro will strengthen Europe's resilience against cyber and infrastructure disruptions while ensuring broad accessibility of digital payments.
Cipollone pointed out that Europe's reliance on foreign payment service providers exposes citizens to risks during crises. The digital euro will provide a "backup capacity" for the financial system by adding a public payment channel alongside private solutions. Planned security measures include cross-regional transaction processing, mandatory European Central Bank-operated applications, and offline payment functionality.
