EU could move step closer to digital euro this October, Lagarde says
EU could move step closer to digital euro this October, Lagarde says
www.theblock.co EU could move step closer to digital euro this October, Lagarde says
The European Central Bank will make a determination on moving forward with a digital euro in October, though President Christine Lagarde cautioned that the central bank is still in the experimental phase.
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TLDR:
- The ECB is studying a digital euro project
- A digital euro would be a CBDC that would coexist with cash
- A digital euro would offer a convenient and risk-free way to pay
- The ECB will make a decision by 2024, after public consultation
- A digital euro could have benefits and challenges for the economy