ECB Exec Renews Push For Digital Euro To Counter US Stablecoin Growth

ECB Director Piero Cipollone urges the digital euro to move quickly. "It is time to act," he said at a hearing in the EU Parliament on Tuesday. Europe must arm itself against possible disruptions and overcome an ever-increasing dependence on foreign companies. Therefore, rapid progress is needed – both in the regulation on the digital euro and in the regulation on the status of cash as legal means of payment, according to Cipollone. "In order fo…

ECB Exec Renews Push For Digital Euro To Counter US Stablecoin Growth

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The digital euro is a project of the European Central Bank (ECB) with which an official electronic currency will be launched for the twenty countries that have the euro as their official currency.It is a complement to existing forms of payment, such as cash or that in the bank account, so it will not replace any of them.For the time being there is no launch date, although from the ECB itself they have emphasized that it does not seek to replace …

EU Needs CBDC to Secure Payment Autonomy

The European Central Bank (ECB) believes that the digital euro (CBDC) is essential to securing the European Union’s strategic autonomy amid geopolitical instability and growing dependence on foreign payment systems.... Сообщение CBDC Aims to Ensure EU’s Strategic Autonomy in Payments появились сначала на CoinsPaid Media.

New banknotes soon available ? The European Central Bank would work on new designs for the future generation of banknotes.

The digital euro will arrive, if everything goes according to plan, at the end of 2026 or beginning of 2027. And it will do so with conditions very different from those of the current means of payment: it will not be a bank account, but a digital portfolio with a limit of 3,000 euros per user; it will be directly managed by the European Central Bank (ECB); and its acceptance by the shops could lead to some commission, as already happens with the…