Although there are undoubtedly many advantages to introducing instant transfers without additional costs in the EU, there are also challenges. One of them is the need to ensure the security and protection of consumers in these transactions. The EU and its Member States must continue to invest in improving security protocols and standards to fight fraud and cybercrime.
Nevertheless, the future of instant transfers in the EU is promising. With the ongoing digitalization and the growth of e-commerce, these types of payments are likely to become more and more popular. With the steady support of the EU and the ECB, this could be an important step towards full digital financial integration in Europe.
Tip: In the context of this article, also read: Digital Euro – Digital ID and wallet mandatory