Based on that, PWC estimates that the total amount that banks in the eurozone should allocate for adaptation to the new system could reach from 18 to 30 billion euros.
Research shows that significant funds will be needed to update mobile applications for banking, online platforms, payment cards and physical terminals.
According to the PWC, each bank will only need an average of ATMs to access the ATMs for an average of nine million euros.
In addition to financial investments, digital euro will also require the engagement of a large part of the labor force in a multi-year period, which, according to the survey, could slow down innovation in the digital payment sector.
The German DPA news agency recalls that the idea of a digital euro is conceived as the European response to the dominance of American digital pay services, such as PayPal, MasterCard and Visa.
Nevertheless, many banks in Germany remain skeptical to the project, especially questioning his additional value compared to existing payment methods, such as real-time transfer.
(Vijesti.ba)
