EU intends to provide every citizen with a digital wallet

EU intends to provide every citizen with a digital wallet

The European Union (EU) is preparing to roll out digital wallets for every citizen in a bid to establish the post-COVID ‘new normal’ of everyday finance

Wow!!! You Have To Hear This!!!

This is Big….By 2024, All European Union States must make a Digital Identity Wallet available to every citizen who wants one.

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Safeguarding EU citizens’ digital identity: European digital identity wallet

63 % of European Union citizens would like to use a secure single digital ID for both private and public services. The progress on national digital IDs has been unequal throughout the EU, but companies, banks and online platforms already provide users with digital identity services. However, some people are concerned about personal data collection and cybersecurity in existing digital wallets. The European Commission proposed to update the framework for a European Digital Identity. The creation of European digital identity wallets is a central part of this update. If the proposal is adopted, everyone in the EU could prove their identity and share electronic documents from their European digital identity wallets, in their home country as well as in the rest of the EU.

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00:00:00 Introduction
00:00:35 Existing digital identity services
00:01:02 European digital identity wallet
00:02:06 Data privacy and cybersecurity
00:02:30 Common interface
00:02:59 Recommendations from the Committee on Industry, Research and Energy in the European Parliament

#DigitalIdentity #DigitalIdentityWallet

The European digital identity wallet

The new European digital identity wallets will allow citizens to prove their identity and share electronic documents securely while retaining full control over their data and what they choose to share with third parties, including commercial provider services.

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The European Digital Identity Wallet is coming

The European Digital Identity will be available to EU citizens, residents, and businesses who want to identify themselves or provide confirmation of certain personal information. It can be used for both online and offline public and private services across the EU.

The European Digital Identity can be used for any number of cases, for example:

– public services such as requesting birth certificates, medical certificates, reporting a change of address
– opening a bank account
– filing tax returns
– applying for a university, at home or in another Member State
– storing a medical prescription that can be used anywhere in Europe
– proving your age
– renting a car using a digital driving licence
– checking in to a hotel


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