ELI5: Explain Like I'm 5

Digital euro

A digital euro is a type of digital money like Bitcoin. It is different from traditional money because it uses a code (called a digital currency) instead of paper bills or coins. The digital euro can be used to buy things just like regular money, but it is stored electronically in an online account. It is also backed by the European Central Bank, which is the governing body that regulates money in the European Union. With a digital euro, you can pay for things quickly, safely, and easily, without having to carry around cash or use a credit card.