German central bank president calls for swift adoption of CBDCs to stay competitive

“If you would have asked me 20 years ago if the central bank business model was destroyable or not, I would have said no. Now I am not so sure anymore.🫤” he said.

The ECB is currently in the process of developing a digital version of the euro, with plans to finalize the project by October 2025. This initiative marks a significant step towards embracing the potential of digital currencies in the modern financial landscape.🔥✨

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