The digital currency supported by the European Central Bank is expected to make progress in the coming months

According to foreign media reports, senior officials of the European Central Bank recently said that the feasibility study of the digital currency supported by the European Central Bank is expected to make progress in the coming months, but the official also said that the project is facing challenges and is long-term. A European Central Bank official said that several project proposals have been studied. According to the most radical scheme, users of this new digital currency can open an account directly with the European Central Bank. This will reduce transaction costs but will make existing banks and payment services redundant.