What is the DIGITAL EUR company?
DIGITAL EUR is an independent project operated by Naturalia EOOD, a Bulgarian company in Blagoevgrad. It builds software that matches euro invoices to bank transfers, currently a free in-browser demo, and publishes independent research and news on the proposed digital euro. It never holds or moves money and is not affiliated with the European Central Bank.
Why does DIGITAL EUR have two parts?
The two halves answer the same underlying question from different ends: how will small European businesses get paid in euros, and how will they know what has been paid?
Today the answer is SEPA credit transfers, card payouts and bank statements that rarely line up neatly with invoices. Matching them is slow, error-prone work, and that is what our reconciliation software is for. Tomorrow, the answer may include a digital euro — but it is not issued, the law is still being negotiated and much of what is written about it is premature or wrong. Our digital euro research exists to give business owners a calm, sourced view of what is decided and what is not.
Keeping both under one name is deliberate. Following the digital euro closely makes us better at designing euro payment tooling, and building real reconciliation software keeps our research grounded in how payments actually arrive in a business bank account. We keep the two separate in one important way: research pages answer questions; they do not sell software. Where a product link appears on a research page, it is because it is directly relevant, and it is labelled as ours.
How we work
| Principle | What it means in practice |
|---|---|
| Explainable before automatic | Every match the engine proposes shows its reasons (for example an invoice reference or an exact amount) and its score, and a person approves it |
| Honest status labels | Features are marked LIVE, DEMO, PLANNED or RESEARCH, as in the table above, and we change a label only when the facts change |
| Primary sources first | Digital euro facts come from the ECB, the Council and the European Parliament, with dates and links |
| Your data stays with you | The reconciliation lab runs in your browser; files you load there are not uploaded to us |
| Slow publishing | At most two new articles a week, each researched, fact-checked and approved by a person |
| Corrections in the open | Errors are fixed with a dated note, never silently |
The reconciliation engine is deliberately rule-based rather than a black box. Points are added for evidence — an invoice reference, an exact amount, a matching counterparty IBAN or name — and deducted for warning signs such as a possible partial payment or an amount that exceeds what is outstanding. If two invoices score equally, the result is marked ambiguous and left for a human. The security page explains how the demo handles data.
What we will never do
- Hold, receive or transfer money. We are a software and publishing project, not a bank or payment institution. Any future payment link would go through a licensed provider, only after an agreement and review.
- Claim to be, or speak for, the ECB. We are not part of the Eurosystem and have no special access to its plans.
- Sell or "pre-register" digital euro wallets or investments. None exist. If anyone offers you one, treat it as a scam.
- Present proposals as law. On the digital euro we separate what is adopted, proposed, planned and unknown.
- Invent proof. No made-up customers, testimonials, usage statistics, certifications or security badges.
- Give legal, tax or investment advice. Our founder is not a lawyer, and our pages are general information.
- Publish AI output unreviewed. AI tools may help with research and drafting; a person checks and approves everything.
Who runs DIGITAL EUR, and how independent is it?
The project is founded and edited by Daniel Malbašić, who also founded Bulgarian.LLC, a Blagoevgrad-based business-setup coordination service. Bulgarian.LLC describes his role there as business consulting and coordination, and states plainly that he is not a lawyer; matters needing formal legal representation are handled by licensed Bulgarian attorneys. His day-to-day work is cross-border company operations, euro payment workflows and EU regulatory change for small businesses, and his papers are listed on Google Scholar and SSRN (linked in the section above).
DIGITAL EUR does not run sponsored articles, and we do not accept payment from central banks, banks, payment providers or anyone else for coverage or for the way a topic is framed. The one commercial interest to declare is our own: we intend to sell reconciliation software. That gives us a reason to talk about reconciliation, and our editorial policy explains how we keep that interest out of research and news. If that ever changes — for example if we enter a partnership with a payment provider — we will say so on this page and on every article it affects.
What is planned, and what is not promised
The capability table above shows what works today. The order below is our plan; we do not promise dates, because each step depends on testing, review and, for some, outside partners.
- Accounts and saved workspaces (PLANNED) — so that matches, approvals and the audit trail persist between sessions, with team roles.
- Bank statement formats beyond CSV (PLANNED) — starting with CAMT.053, the ISO 20022 statement format many European banks offer.
- Receivables follow-up (PLANNED) — ageing reports and reminder drafts that a person reviews and sends; see invoice tracking and collections.
- Payment links via a licensed provider (PLANNED) — only after a partner agreement and legal review.
- Continued digital euro coverage — dated news, updates to our canonical pages when official facts change, and the Smart Commerce Layer research concept, which remains research only.
Plan prices on the pricing page are illustrative; there is no checkout yet.
Frequently asked questions
Is DIGITAL EUR part of the ECB or the Eurosystem?
No. We are an independent project run by a private Bulgarian company. We report on the ECB's work using its public documents.
Can I open an account or buy a plan?
Not yet. Accounts are planned but not open. You can try the free reconciliation lab in your browser today.
Does DIGITAL EUR handle my money?
No. The software matches invoices to payments that have already reached your bank. It never holds, receives or sends funds.
Who writes the articles?
Daniel Malbašić writes and reviews them, following our editorial policy. He is not a lawyer, and the content is general information.
How can I check who operates the site?
The operator's company name, registration number (UIC) and registered address are listed above and in the imprint, and can be checked in the Bulgarian Commercial Register.
Sources
- Bulgarian.LLC — About us (accessed 5 November 2026)
- ECB — FAQs on the digital euro (accessed 5 November 2026)