Gone are the days when cash was the main means of payment in Spain. And with the arrival of credit cardcoins and banknotes were used less and less in everyday life … of many people.
The truth is that the end of cash appears to be near. The European Central Bank’s (ECB) plans are proof of this. The E.C.B. digital euroan electronic version of a common currency that promises to completely change the way citizens conduct transactions.
Digital euro becomes an electronic payment method Accessible and accepted in all countries of the euro area. This type of currency is stored in an electronic wallet created by a bank or public intermediary, and all day-to-day payments can be made by phone or card.
The Digital Euro project is expected to be ready for approval by the end of the year. This is what the Eurogroup ministers agreed on. However, due to deadlines managed by the ECB, any launch will take place at the earliest. 2029.
In this sense, the President of the Government Pedro Sanchezannounced last week after the European Council what member states want. “Moving forward boldly” Introduce a digital euro as soon as possible. “I think we are moving in the right direction towards its creation in the near future,” he asserted.
Pedro Ruiz’s opinion on the abolition of cash in Spain
on the other hand, discussion The actual impact this digital currency will have on banks, businesses, and the public is not yet clear. And many people fear that the disappearance of coins and banknotes will mean the loss of everything. privacy Trading leaves the elders behind.
One of the most critical figures about the abolition of cash and the possible introduction of a digital euro is the presenter Pedro RuizHe has spoken on multiple occasions about the disappearance of coins and banknotes.
In a message published in X magazine, Lewis revisited the issue. Continue reading opinions about « digital euro» The interpreter began, passing judgment on this new form of electronic payment. “For me, Completing a digital dictatorship would be a disaster.».
In this sense, Mr. Lewis started considering the introduction of this electronic payment as a form of digitization. “A small number of people are preparing our future for their own benefit.”criticized the interpreter.
I keep reading opinions about the digital euro. For me, completing a digital dictatorship is a disaster. Some prepare our future for their own benefit.
— Pedro Ruiz (@ElPedroRuiz) October 27, 2025
This is not the first time the presenter has talked about saying goodbye to cash payments. He already warned a few months ago about the risks this could pose to many businesses and the public, saying: “Don’t give in and ask for charges or physical money to be paid; vice versa. An ugly economic dictatorship».
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