The European Central Bank released the third progress report on the digital euro, which may enhance cross-border transfer capabilities after its launch

ChainCatcher message, the European Central Bank (ECB) has released the third progress report on the design of the digital euro, which examines the access and distribution options for the digital euro approved by the ECB Governing Council. In this model, digital euro users will be registered by payment service providers (PSPs) according to their established procedures (such as KYC). In-store sales can be conducted using QR codes or contactless technology, and online payments and offline functionalities will also be possible. PSPs will be able to offer optional and value-added services, such as installment payments or recurring payments. Furthermore, after the launch of the digital euro in the euro area, cross-border transfer capabilities may be enhanced. (source link)