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Christine Lagarde, President of the European Central Bank, said that the ECB is aggressively pursuing the idea of a digital euro and expects to finish the testing phase by October 2025. If it goes through, it will be the EU’s first Central Bank Digital Currency (CBDC).
Unlike cryptocurrencies, CBDCs aren’t decentralized or run on blockchain. They’re pegged to a country’s national currency, so the value of 1 digital euro is equal to the value of one physical euro.
CBDCs have been a hot topic of debate for a long time now. Proponents believe they’re absolutely essential to move to a cashless economy. They also argue that they’re a lifeline for unbanked populations, especially in regions where traditional banking infrastructure is limited.
Detractors feel they centralize financial power, contradicting the decentralized ethos of cryptocurrencies.
Also, historical data from countries that have implemented digital currencies aren’t that encouraging. For instance:
- 98.5% of Nigeria’s eNaira wallets remain unused
- In Jamaica, only 0.11% of the total currency in circulation is in the form of digital currency
- Even cashless economies like Norway say that a retail CBDC is unnecessary
So, the real question is, why is Europe pushing for a CBDC?
The Hidden CBDC Motives
Not to stir up conspiracy here, but it’s a well-known fact that CBDCs give the government more control over people’s finances. They’re often viewed as a threat to the very freedom that’s been a central tenet of cryptocurrencies.
Even US President Trump has taken a firm stance against CBDCs, calling them a «dangerous threat to freedom,» and citing concerns about potential government overreach and the risk of financial surveillance. In January 2025, he signed an executive order banning CBDCs in the US.
Digital Euro May Result in a Crypto Bull Run
Despite all this, the EU is pushing forward with its plans. Whatever the motives behind the creation of the digital euro may be, the crypto market is sure to make its feelings known. Enthusiastic investors might go on to buy crypto aggressively to reinforce their support for the original mechanism.
Moreover, with the announcement of a US Bitcoin reserve and several pro-crypto regulatory changes in the pipeline, the time seems ripe for the next crypto boom. And this digital euro announcement might just be the spark needed to set off the explosion.
If that happens, everyone is going to need a good crypto wallet, which may just be the investment opportunity of the day. Enter Best Wallet Token ($BEST).
What Is $BEST?
$BEST is the native token of the Best Wallet App – a secure, multi-chain, non-custodial crypto wallet that looks set to claim 40% of the crypto wallet market by 2026.
Security-wise, too, you can’t go wrong with Best Wallet, which uses Fireblock’s MPC-CMP wallet technology along with multi-factor authentication and biometrics for airtight privacy and security.
By holding $BEST tokens and using the Best Wallet App, you benefit from no gas fees plus loads of airdrop rewards. You earn free $BEST tokens by frequently using Best Wallet, completing daily quests, and engaging with Best Wallet socials.
Holding the $BEST token comes with a lot of other insider perks. For instance, it’ll unlock the ‘upcoming tokens’ section on the app. Here, you can find all trending meme coin presales well before they go on sale to the general public.
This gives you the opportunity to become an early investor in high-potential cryptos. Moreover, each of these coins is vetted by the Best Wallet team, meaning you can rest assured that they’re not scams or random hoax websites.
Aside from no gas fees on the platform, holders can also benefit from a high staking reward, currently at 145% p.a.
Why Should You Invest in $BEST?
The total crypto wallet market is expected to surge to a massive $32B by 2030. As one of the fastest-growing crypto wallets right now, with a 50% month-on-month user base increase, Best Wallet is positioned to profit from this. If it goes on to capture its projected 40% slice of the market, and you’re along for the ride, your wallet could fill up fast.
In addition to benefitting from the app’s growth, $BEST token holders will also enjoy regular market updates and access to real-time charts. This way, they’ll stay abreast with what’s happening in the crypto space.
Developers also have plans to introduce the Best Card – a crypto debit card that lets you spend your cryptocurrency anywhere.
At the pace at which crypto is breaking into the mainstream, it’s easy to see why $BEST could be the next crypto to explode.
The $BEST presale has been performing phenomenally well, having raised nearly $11M so far.
Currently available at a price of just $0.0243, the next $BEST price increase will take place in less than two days. So, this might be the last chance to grab $BEST before it becomes a trending crypto.
However, since crypto investments are subject to market risks, it’s important to do your own research before jumping in. This article isn’t financial advice, and it’s always best to consult a financial advisor before investing in any cryptocurrencies.
