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Friday, March 31, 2023

The EU will integrate your ID, cards and payments into a single app in 2024

We’ve spent years thinking that the physical form of a lot of products was going to disappear. In fact, this is already happening, and you only have to think about how many movies, music, video games or books you have stopped to buy in the store in digital format. But it has also gone beyond the administrative sphere, as far as The European Union will integrate your ID, card and payment into a single app next year.

A digital wallet to store your identity and purchase data

Nowadays, more and more people leave their purses at home. And that is, the fewer things you keep in your pocket, the better, especially if everything you carry is in one place. In fact, many people already own a car with peace of mind as they can have their driving license on their mobile. But we are already talking about big things when we talk about an application where you can receive your identity and payments from a single place.

This technology has been waited for years, but it looks like it has been taken a step forward when it is in Europe European digital identity wallet project. It is a digital wallet that will act as your wallet to make it easier for you to store your identity and your payment information in one place. come on, from that The site you have your ID as well as the possibility to transfer or pay in a store all over Europe.

For now, this project It is being carried out by a consortium of countries that are NOBID or the Nordic-Baltic eID Project, One of them is a generation of critical applications that could be the future for all users in Europe, a future that will start working on a trial basis in 2023 and that It won’t be until sometime in 2024 that we see this in circulation.

Respecting privacy has always been a priority in Europe

The European Digital Identity Wallet is a feature that will not be long in coming. We have already talked about the fact that it will take another year to be shown to the public, a time when it is expected to have the identity data storage system as well as the payment platform working correctly, With which it should have the support of the main banking institutions throughout the European region.

Ursula von der Leyen, President of the European Commission, defines it as an “alternative to the model of large online platforms”, but there are still many things to decide. and that is that in addition to all of the above, it is still to be determined How will this application be within the framework of data protection legislation set by the European Union.

Although steps are already being taken to accept this application, it remains only for the test to be successful in countries such as Germany, Latvia, Italy or Denmark (which are part of NOBID) so that it becomes more Spread to European countries where little at least this new system has been implemented to unify payments and identity information within Europe.

Thinking about it from afar, the project is very promising, but most likely this new app will not replace the physical format, which is probably very important in terms of avoiding any kind of fraud.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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