In the latest twist of events, the European Central Bank is ready to launch Digital Euro. The European bank will join the elite group of central banks across the world that have already issued CBDC. As the innovations in the retail payment are failing so, the European banks are up for launching this new solution. Central banks are less aware of the inside details of the currency system, hence this solution might be a new thing for them. Currencies play a dominating role in ruling any nation and this is what makes the whole process of launching a lot more crucial.