US EditionBanking and Financial System Series, Part 2: What Are CBDC, and Why Do Central Banks Consider Them?
21 Articles
21 Articles
According to a recent study, the introduction of the digital euro could cost European banks up to 30 billion euros. There is a wide scepticism in the credit industry anyway - and risks are feared.
According to the plans of the European Commission and the Central Bank, the EU is to receive a digital currency. Banks have great concerns and are now confirmed by a study.
Whether the digital euro will actually arrive in the eurozone remains uncertain. However, it is considered certain that it will – if at all – only have very limited capabilities, lack programmability, and only come in a single form (i.e., not specifically targeted at individuals, corporations, or machines). And that it will not be released before... The article "Digital Euro: High Costs, Questionable Benefits – Banks Call for Course Correction" …
Each bank will have to spend an average of around nine million euros just to adapt its ATM infrastructure.
According to a study by the consultancy company PwC, the introduction of the digital euro will cause significant costs for European banks. The study estimates the change costs for 19 banks examined in detail at over two billion euros.
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
