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What will the digital euro be used for?

2022-02-21T19:04:28.133Z


DECRYPTION - Under pressure from cryptocurrencies and Facebook's Diem project, the ECB is preparing the digital version of the common currency. This monetary project raises fears and questions.


They threw in the towel.

Earlier this month, the private digital currency project Diem, launched in 2019 by Facebook, first under the name Libra, was abandoned.

Its promoters gave up in the face of the outcry from governments, central banks and the International Monetary Fund (IMF).

The prospect that one of the famous Gafam, American digital giants, backed by a community of some two billion users, distributes in the world a means of payment escaping any public authority has mobilized the major fundraisers.

The growing enthusiasm for bitcoin and thousands of cryptocurrencies around the world plus Mark Zuckerberg's project have undoubtedly accelerated that of the digital euro, carried by the European Central Bank (ECB).

It launched, last summer,

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  • In terms of heritage, bitcoin raises many questions

What will this digital euro be used for?

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Source: lefigaro

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