Digital Euro Aimed at Enhancing European Autonomy, Says ECB Official
Digital Euro Aimed at Enhancing European Autonomy, Says ECB Official
ECB Executive Board member Cipollone emphasizes the need for a European digital infrastructure to ensure EU citizens can meet their basic needs independently of global payment systems.
In an interview with Deutschlandfunk, Cipollone stated that the digital euro would serve as a complement to cash, not a replacement, allowing for payments from a virtual wallet. He noted that current reliance on U.S. payment systems is problematic and highlighted the importance of establishing a digital euro to bolster European financial sovereignty. The digital euro could potentially be launched in 2029, pending approval from EU member states and the European Parliament.
For journalistic integrity, this report was summarized from: deutschlandfunk.de
