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European Union to Reveal Plans for Digital Wallet: Report
The wallet is expected to be operational in around a year's time, according to the report.
The European Union (EU) is set to announce plans for a digital wallet to store payment details and identity credentials among other information, according to reports.
STORY CONTINUES BELOW
- The plans follow requests from member states to offer a secure way for citizens to access public services, Reuters reported Tuesday citing the Financial Times.
- The wallet would store passwords and payment details, allowing access to local government websites and bill payments using a single digital identity.
- EU officials are in talks with member states about a rollout. The wallet is expected to be operational in around a year's time, according to the report.
Read more: ECB Report Highlights Risks of Not Launching CBDC
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
