The high-ranking representatives of the eurozone’s monetary authority have thrown their support behind Europe’s central bank digital currency in a piece published this week in the bank’s blog, in which they note that the “successful model for payments” that lasted many decades is now challenged.
They cannot guarantee one-to-one convertibility with central bank money. They are not an efficient means of payment, especially if their value is not backed by any asset. And, in the case of stablecoins, they are vulnerable to runs. The ECB president and board member stress that this is why the bank launched the digital euro project a year ago. Introducing a digital version of the euro would ensure that EU citizens can trust in the monetary anchor behind their digital payments. The hope is that it will also protect the autonomy of European payments and improve the efficiency of the payment system in general.
Lagarde let’s get this going and stop playing games. We all know where this is headed, so put your foot to the pedal. POTUS this one is for you too. RishiSunak I’m not forgetting about you either. Let’s fucking GO!
I wouldn’t be so sure about that…I mean USDT seems to ne much more reliable
They just want to fully control it. And they name it effecient
'More effecient' in increasing inflation. Ok, I agree miss Transitory 🤡
The face of evil.
good, another step forward
The euro is digital It still sucks
Sure … if the bank keep the control… lol!
It seems that some countries have already realized digital currency payment
There at two kinds of people, those who use digital money and those who don’t. For those who do, CBDCs don’t stand a chance against BTC for obvious reasons, for those who don’t none of this matters. I maybe wrong but… I’m not seeing much success on CB funny money…
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Which means Crypto is an efficient as means of payment.
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Thiis is a game chaanger. ?
Thanks you veryy much_,, nyigd
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