October 26, 2020

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Will there now also be a digital euro? And what does that mean for …

Will there now also be a digital euro? And what does that mean for ...

First there was Bitcoin. Then Facebook decided to start the scale. And now the European Central Bank (ECB) is also thinking about developing its own digital currency. The bank will shortly launch a survey to determine if a “digital euro” is needed. According to Fabio Panetta, board member of the ECB, this can contribute to the financial sovereignty of the euro area and strengthen the position of the euro. On Friday he published a report on the possibilities and effects of a digital European single currency.

Digital payment is of course already possible. This happens every time we make an online transfer or pay for a purchase with a bank card. Cash is becoming less and less important in payment transactions …