Is the Digital Money of the European Central Bank coming?

in #dlike4 years ago

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After the introduction of Facebook's stablecoin named Libra, many central banks from around the world stated that they opposed it and started to make a similar plan for the coming days.

After the announcement that China's digital money will be launched in early 2020, the European Central Bank has also started to make positive statements on this issue. Benoit Coeure, a member of the board of directors of the European Central Bank, in a recent interview clarified the bank's digital money plans and explained why it is a very optimistic development for European citizens:

Bir A digital currency to be released by the central bank means that the central bank's money can be used even if the cash is gone. The benefits and other aspects of this type of digital currency are currently under investigation by the European Central Bank, and we will act accordingly. ”

First Field of Use of Digital Money

One of the points criticized by the board member in the current financial system is cross-border payments. Benoit stressed that it is now possible to wait for days or even weeks in cross-border retail payments and underlined that this should be a much shorter and much less costly process. In fact, we can deduce from the statement made by the famous manager that the first possible use of digital money is also evident.

The European Central Bank recently published its own stablecoin report and declared its closeness to it.


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