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The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with the digital euro project, a … Read more
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.” Go to Source Powered by WPeMatico
Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. Eurozone’s Central Bank … Read more
European financial institutions are using pilots to make a case for the digital euro. Go to Source Powered by WPeMatico
The central bank said it will reach a decision on releasing a digital euro “towards the middle of 2021.” Go to Source Powered by WPeMatico
The Italian Banking Association, ABI, is conducting digital euro tests as the European Central Bank is yet to make a clear decision on a central bank digital currency. Go to Source Powered by WPeMatico
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.” Go to Source Powered by WPeMatico
“A digital euro could be a complement to, not a substitute for, cash,” Lagarde said. Go to Source Powered by WPeMatico
This trial is promising, yet it doesn’t necessarily mean that a digital euro will become the new norm. Go to Source Powered by WPeMatico
