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Fabio Panetta: "Let's get ready to create a digital euro"

2020-10-01T20:39:21.673Z


TRIBUNE - Member of the Executive Board of the European Central Bank (ECB), the economist considers it necessary to establish a digital euro in the long term.


This column is also published by

"Die Welt", the "Corriere della Sera", "El Mundo", "Die Presse" and "Le Soir".

Digitization is taking over all aspects of our lives.

Our payment methods are no exception.

It wasn't that long ago that cash was the only way to pay instantly.

It is still the main means of settling small amounts.

However, payments are increasingly made cashless and contactless.

For


our daily expenses, we increasingly use contactless cards, an application on our phone, even a connected watch.

Read also:

The ECB is studying the opportunity to launch its digital currency

Custodians and issuers of money, central banks are wondering whether to create a digital currency.

Should they design an electronic money that is also legal tender, inspiring the same level of confidence and offering the same advantages as traditional money?

Within the euro area, should we be issuing digital euros alongside euro banknotes?

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Source: lefigaro

All news articles on 2020-10-01

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