ARTICLE

EU's Digital Wallet: The Rise Of Universal ID

News Image By Activist Post June 09, 2021
Share this article:

The European Union is set to unveil plans for a bloc-wide digital wallet on Wednesday, following requests from member states to find a safe way for citizens to access public and private services online.

The app will allow citizens across the EU to securely access a range of private and public services with a single online ID, according to a report by the Financial Times newspaper on Tuesday.

The digital wallet will securely store payment details and passwords and allow citizens from all 27 countries to log onto local government websites or pay utility bills using a single recognized identity, the newspaper said, citing people with direct knowledge of the plans.

The EU-wide app can be accessed via fingerprint or retina scanning among other methods, and will also serve as a vault where users can store official documents like the driver's license, the newspaper reported.


Use of the digital wallet will not be mandatory but those who did sign up would benefit from an extra-secure digital presence and flexibility, those involved with the project told the FT.

EU officials will enforce a structural separation to prevent companies that access user data from using the wallet for any other commercial activity such as marketing new products.

Brussels is engaged in talks with member states to provide guidelines on technical standards for rollout of the digital wallet, which is expected to be fully operational in about a year, according to the newspaper.

The European Union is set to unveil plans for a bloc-wide digital wallet on Wednesday, following requests from member states to find a safe way for citizens to access public and private services online.

The app will allow citizens across the EU to securely access a range of private and public services with a single online ID, according to a report by the Financial Times newspaper on Tuesday.

The digital wallet will securely store payment details and passwords and allow citizens from all 27 countries to log onto local government websites or pay utility bills using a single recognized identity, the newspaper said, citing people with direct knowledge of the plans.

The EU-wide app can be accessed via fingerprint or retina scanning among other methods, and will also serve as a vault where users can store official documents like the driver's license, the newspaper reported.
Use of the digital wallet will not be mandatory but those who did sign up would benefit from an extra-secure digital presence and flexibility, those involved with the project told the FT.

EU officials will enforce a structural separation to prevent companies that access user data from using the wallet for any other commercial activity such as marketing new products.

Brussels is engaged in talks with member states to provide guidelines on technical standards for rollout of the digital wallet, which is expected to be fully operational in about a year, according to the newspaper.

'Simple, secure and will protect'

An existing system has had a low uptake across the Union, with only 19 member states introducing digital IDs for their citizens which were not all compatible with one another.

It's hoped the new system, which will present a more unified strategy across the bloc, will have a boost in uptake thanks to increased digital literacy and digitalisation during the COVID-19 pandemic.

Given the planned compatibility across the EU, the uses of such an application are broad and could reach into practically every industry.

Originally published at Activist Post - reposted with permission.




Other News

September 22, 2021China's Rapid Nuclear Build-Up Can No Longer Be Ignored

Admiral Charles Richard, Commander of United States Strategic Command, warned last month: "China's explosive growth and modernization of i...

September 22, 2021Deep In Hiding, Afghan Christians Cling To Faith

The Taliban is executing Christians faster than her organization can find them. "We started out with 300 three weeks ago, and we're down t...

September 22, 2021The Woke Left Want To Force Our Daughters Into Combat

According to Biden's party, forcing women into combat is the only path to "pure equality." Of course, the idea of parity probably sounds g...

September 22, 2021College And The Decline Of American Men

In yet another indicator that they are not okay, men in America are abandoning higher education in record numbers. Low expectations, combi...

September 20, 2021War Drums - The US May Not Be Able To Avoid Conflict With China

This week, a couple of startling revelations have really shaken up those that closely watch U.S. relations with China. The relationship b...

September 20, 2021Democrats View Unvaccinated Americans As Bigger Threat Than Russia/China

Polarization is intensifying in America according to a new poll and such polarization has the potential to lead to violence....

September 20, 2021The Prophetic Meaning of the Hebrew Year 5782

The number 5782 may not appear to carry any specific meaning to our western mindsets, however in Hebrew any number correlates with each ow...

Get Breaking News