ECB and Central Bank officials to brief Irish finance firms on digital euro

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European-Central-Bank-Ecb News

Central-Bank-Of-Ireland,Financial-Services-Ireland

ECB to decide next year on the potential issuing of a digital currency

, part of the Ibec employers lobby group, is holding a forum on Friday where its members will be briefed by officials from the

“We are open minded at this stage about a digital euro, even if there are many concerns about how it would work. At FSI, we are trying to work through these with regulators and our members,” said Elena Lillo, FSI’s regulatory affairs executive. “We welcome that the ECB is committed to a really open and transparent process and willing to engage with all types of stakeholders.”

Such a digital currency that could reduce the euro zone’s reliance on legacy electronic payment systems operated by US companies such as Visa or Mastercard, and counter the emergence of non-European online payments providers.

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