ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment – Regulation Bitcoin News

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ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment – Regulation Bitcoin News
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“A digital euro would complement cash, not replace it,” said Lagarde. crypto cryptocurrency digitaleuro

ECB President Christine Lagarde talked about the digital euro at the plenary session of the European Parliament Monday on the 20th anniversary of the introduction of euro banknotes and coins.

In any event, a digital euro would complement cash, not replace it. This is also why we launched the process for redesigning our banknotes.into a digital euro in October last year. “Once the investigation phase has ended, we will decide whether or not to start developing a digital euro. We would then create and test possible solutions, working together with banks and companies which could provide the technology and the payment services,” the ECB clarified.

A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion.

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