By Vassos Angeletou In Athens, the board of directors of the European Central Bank will meet on October 26 in order to announce its crucial decisions, not only for the interest rates of the euro, but also for a historic project in the history of the Eurozone – the digital euro. It has been known… Continue reading From Athens, the...
  • tal@kbin.social
    14·
    1 year ago

    Relative to some other digital system, this is what WP has as ECB goals:

    https://en.wikipedia.org/wiki/Digital_euro

    Arguments and motives for the introduction of a digital euro are, according to the ECB:

    • Maintain the role of central bank money as a monetary anchor for the payment system.
    • Provide free digital access to a secure legal tender in the Eurozone
    • Expanding payment options through alternative central bank money alongside cash and book money in commercial bank accounts, contributing to availability and inclusion
    • Building trust in digital cash through a high level of privacy protection
    • Promote innovation in retail payments
    • Limiting the spread of foreign digital currencies to safeguard the financial stability and monetary sovereignty of the Eurozone