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European Central Bank Floats Possibility of Decentralized Digital Euro

by CBDC Insider
November 3, 2020
in Business, Europe
Reading Time: 1min read
0
European Central Bank Floats Possibility of Decentralized Digital Euro
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The European Central Bank (ECB) has asked the public to comment on the development of a digital euro, including the use of decentralization.

According to a series of tweets published by ECB President Christine Lagarde, the E.U.’s central bank is looking for feedback on a digital euro. Lagarde said the bank was exploring the possibility of launching a digital form of the currency to keep pace with an increasingly digital world.

The ECB president linked to an open survey on the development of the euro, which including a question that asked participants whether they would prefer a digital euro that did not need any intermediaries.

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Climate change is everybody’s responsibility and I have spoken this year about how I want to explore every avenue available to combat climate change. Central banks need to devote greater attention to understanding its impact. pic.twitter.com/XPBtuXS3Yg

— Christine Lagarde (@Lagarde) November 1, 2020

Read more: https://www.cryptoglobe.com/latest/2020/11/european-central-bank-floats-possibility-of-decentralized-digital-euro/

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