ECB to conduct new digital euro experiments next year

FRANKFURT (Reuters) -The European Central Bank said on Friday it would conduct new experiments next year about what could be achieved through a digital euro, in a further step for a project it sees as key for preserving the euro zone’s financial autonomy from the United States.

The ECB said this year’s experiments with the private sector showed the digital euro – an electronic wallet backed by the central bank – could facilitate, for example, automated payments on public transport or certain reimbursements.

(Reporting By Francesco Canepa; Editing by Alison Williams)