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The European Union wants a digital wallet after Corona

Getting ready European Union To reveal a detailed plan for a digital wallet that allows citizens in the block to store payment details and passwords, as mentioned Financial Times.

The digital wallet follows requests from member states for a secure way for citizens to access public and private services online.

The digital wallet securely stores your payment details and passwords.

It allows citizens of all 27 countries to log into local government websites or pay utility bills using a single, recognized identity.

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The wallet is an EU-wide repository for storing official documents such as a driver’s license.

It can be accessed via fingerprint or retina scanning, among other methods.

Participants said the use of the wallet was not mandatory. But citizens who choose to register benefit from a more secure and resilient digital ecosystem ideal for post-pandemic life.

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The new digital identity gives every European the keys to a digital twin, Thierry Breton, the EU commissioner responsible for digital policy, said earlier this year.

In order to protect citizens, EU officials impose a structural separation that prevents companies that access user data from using it for any other business.

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The new digital wallet:

Brussels is engaged in discussions with member states to provide guidance on technical criteria for launching a digital wallet. The portfolio is expected to be fully operational in about a year.

The new proposals are part of a review of the current electronic identification at the European Union level.

The current system has seen a low uptake with only 19 countries providing digital identifiers. Not all of them are compatible with each other. Member states decide how to implement the system.

EU officials hope that increased digital literacy and greater use of digital tools during the pandemic will help strengthen the new system.

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The organizers also highlight the ease of access to public and private services if people choose to register.

For example, anyone who rents a car can use their digital wallet to do so remotely with an app that verifies their identity and issues an electronic key so they can pick up the car right away without having to wait in line at the airport.

A digital wallet is meant to be simple, secure, and protect people online.

People also have the ability to limit the amount of information they provide. Google and other companies don’t let you decide what to offer.

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