The central bank digital currency (CBDC) will be more than one intended for use between banks. It would represent a more profound change in the way finance works.
‘As Europeans are increasingly turning to digital in the ways they spend, save, and invest, we should be prepared to issue a digital euro, if needed. I’m also keen to hear your views on it’, the European Central Bank President Christine Lagarde said in a tweet announcing the survey.
While acknowledging that the ECB is still reviewing the possibility of issuing a digital euro, the central bank president also announced the launch of a public consultation to enable consumers and Europeans to express their preference and share with the European financial authorities whether they would be happy to use a digital euro just in the way they use a euro coin or a euro banknote.
If you are interested to learn more about the topic of CBDC, feel free to check our central bank digital currency series here.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.