What is the 'digital euro'?

The proposed Digital Euro gives spending power for those without banks and to have a Currency which bypasses the giant American card companies such as Visa and American Express. It’s only an idea at the moment but we could all be spending digital euros before the end of the decade. But do we need it?

Atze Faas is a payments adviser to EuroCommerce which represents Europe’s retailers and joined Joe Lynam on the show this morning.