The use of cash is on the decline in Germany as more individuals embrace online banking and card payments.

This trend is projected to persist over the next 15-20 years.

The European Union is contemplating imposing a 10,000 euro cash transaction limit to combat money laundering.

The EU is also exploring the introduction of a digital euro to compete with private digital payment providers.

The European Central Bank is developing the digital euro to offer free digital payments with stringent data protection measures.

The digital euro aims to revolutionize the future of currency and financial transactions.