According to Witlox, there is a high likelihood that they will invest in the digital euro, although it is not guaranteed at the moment. As only one in five transactions are conducted using cash in Amsterdam, with the majority being digital, the digital euro could potentially become legal tender. This would allow the public to use central bank money for everyday transactions, which would benefit citizens. Additionally, merchants offering digital forms of payment would be required to accept the digital euro.
Witlox emphasized the importance of digital inclusion and stated that the European Central Bank (ECB) has no intention of monitoring user and client transactions. Privacy and security are top priorities for the ECB. Furthermore, there are no plans to create programmable money, as transactions will flow through the ECB’s central bank system.