In context of a rising consumers’ trend to capitalize on cashless ways to purchase a swathe of paraphernalia ranging from retail products to household items to child’s playthings, the European Central Bank had issued a statement late on Friday saying that the Frankfurt-based Central Bank of eurozone ought to be prepared to introduce a digital currency, should a changing world require it, cementing the ways to ventilate to issuing a digital version of the bloc’s common currency.
In point of fact, the European Central Bank had released a comprehensive report on Friday aimed at outlining the reasons behind its decision to usher in such kind of transformational steps, while the ECB report had also added that the Frankfurt-based eurozone Central Bank that issues euro, would also assemble a number of public consultations regarding its concept to launch a digital version of euro.
Continue read: https://www.financial-world.org/news/news/economy/6475/european-central-bank-takes-a-step-closer-to-introducing-digital-euro/
