The Central Bank of the European Union published a report on the development of the CBDC

The European Central Bank’s annual report revealed details of the release of the digital euro and the digital wallet. 

The first version will only be available to residents of the Eurozone, but in the future it will also be available to residents of third countries.

The digital euro is supposed to be used for cross-currency settlements with other CBDCs outside the EU.

The document also highlighted the importance of the digital wallet having an individual-to-person transfer function and providing multiple payment methods.