The European Central Bank is stepping up its effort to launch the much anticipated CBDC (digital Euro) as its necessity sparks massive debate. 
Josh Lipsky of the global CBDC tracker at the Atlantic Council has stated that the entire process of the digital Euro implementation could inspire other countries to consider its adoption. 
Central Bank Digital Currency (CBDC) is appealing to the global economy as central banks worldwide seek to revolutionize their traditional systems. According to a report, 130 countries, representing 98 percent of the global economy are exploring digital cash. Just recently, it was reported that the European Central Bank is doubling down its effort to launch a digital Euro to enable users in 20 countries to use a common digital currency for transactions.
According to the bank, a two-year preparation phase would start on November 1. As part of this exercise, some private sector institutions would be chosen to embark on testing and experimentations. 
After

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