The Bank of Spain recently released a report that highlights the reluctance of Spaniards to adopt a digital euro. The report, which was released in early April, surveyed over 2,000 people in Spain and found that only 25% of those surveyed would be willing to use a digital euro. This is significantly lower than the adoption rate of digital currencies in other countries, such as the United States and China.

The Bank of Spain report suggests that the main reason for this reluctance is the lack of trust in digital currencies. Many Spaniards are concerned about the security of digital currencies and are hesitant to use them. Additionally, there is a lack of understanding about how digital currencies work, which can lead to confusion and mistrust.

The report also found that there is a lack of awareness about the benefits of digital currencies. Many Spaniards are unaware of the potential advantages that digital currencies can provide, such as lower transaction fees and faster payments. This lack of knowledge is likely contributing to the low adoption rate of digital currencies in Spain.

The Bank of Spain report also suggests that the Spanish government should do more to promote digital currencies. This could include providing more information about how digital currencies work and the potential benefits they offer. Additionally, the government could create incentives for people to use digital currencies, such as lower taxes or discounts on purchases made with digital currencies.

Overall, the Bank of Spain report highlights the reluctance of Spaniards to adopt digital currencies. This is likely due to a lack of trust in digital currencies and a lack of awareness about the potential benefits they offer. To increase adoption rates, the Spanish government should do more to promote digital currencies and provide incentives for people to use them.