ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto

07/16 23:39

According to News.bitcoin, unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key objectives for the project which should provide Europeans with “easy access to central bank money” in the digital era. Maintaining access to central bank money is crucial for financial stability when payments are becoming increasingly digital. The digital euro can achieve that, according to the President of the European Central Bank (ECB) Christine Lagarde and Fabio Panetta, member of its executive board.

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