CBDC | ECB Says Digital Euro Could Strengthen Europe’s Payment Sovereignty
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4 Articles
The ECB Calls the Digital Euro Essential to Make Europe More Independent of Foreign Payment Systems.
Key takeaways The European Central Bank (ECB) has been working for several years on a digital central bank currency, the digital euro, to modernize payment transactions. However, according to ECB official Piero Cipollone, the primary goal extends beyond mere convenience. In an interview with the magazine Milano Finanza, Cipollone stated that the project is a strategic necessity to the […]
First the energy, then the defense, now the payment: Cipollone warns of Europe's dependence and promotes the digital euro. Source: BTC-ECHO BTC-ECHO
First the energy, then the defense, now the payment: Cipollone warns of Europe's dependence and promotes the digital euro. Source: BTC-ECHO BTC-ECHO
CBDC | ECB Says Digital Euro Could Strengthen Europe’s Payment Sovereignty
The European Central Bank (ECB) sees a digital euro as a way to reduce the European Union’s reliance on foreign payment providers and strengthen control over its financial infrastructure as the bloc seeks greater technological and economic autonomy. ECB Executive Board member, Piero Cipollone, said Europe’s dependence on non-European companies creates vulnerabilities in essential payment services. He said the digital euro would give the bloc …
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