The European Union is moving closer to introducing a digital euro, a project aimed at reducing reliance on US-based payment networks such as Visa, Mastercard, Apple Pay and Google Pay, according to AFP. EU lawmakers are set to vote on June 23 on the proposal, marking a key step in the long-running initiative to create a central bank-backed digital currency for the eurozone.

BRUSSELS: The European Union (EU) believes a digital euro is the answer to cutting its addiction to United States payment systems like Visa and Mastercard, as well as Apple Pay…

The EU believes a digital euro is the answer to cutting its addiction to U.S. payment systems like Visa and Mastercard as well as Apple Pay and Google Pay as the bloc seeks to…