🇪🇺 ECB President Lagarde confirms Digital Euro is imminent
European Central Bank President Christine Lagarde stated at the IMF Annual Meetings that the ECB is preparing a digital euro to complement physical cash for daily retail payments.
Lagarde emphasized that the digital euro will stimulate innovation and competition while ensuring Europe’s strategic autonomy in the payments sector. It is designed to coexist with private payment solutions as a public alternative.
This move follows the recent launch of Pontes, a system that enables financial institutions to settle wholesale tokenized asset transactions using central bank money. This provides a direct alternative to private settlement assets like stablecoins.
#DigitalEuro #ECB #CBDC #CryptoNews
European Central Bank President Christine Lagarde stated at the IMF Annual Meetings that the ECB is preparing a digital euro to complement physical cash for daily retail payments.
Lagarde emphasized that the digital euro will stimulate innovation and competition while ensuring Europe’s strategic autonomy in the payments sector. It is designed to coexist with private payment solutions as a public alternative.
This move follows the recent launch of Pontes, a system that enables financial institutions to settle wholesale tokenized asset transactions using central bank money. This provides a direct alternative to private settlement assets like stablecoins.
#DigitalEuro #ECB #CBDC #CryptoNews