Express
European Central Bank Will Develop Its Own Digital Currency If Payments Drive Fails
Summary: The European Central Bank (ECB) is willing to develop its own digital currency if the private sector fails to make cross-border payments easier and cheaper. According to an internal document obtained by Bloomberg, the ECB asserts that the way retail payments are made is being transformed by technological innovation. They are currently analyzing the situation ...
The European Central Bank (ECB) is willing to develop its own digital currency if the private sector fails to make cross-border payments easier and cheaper.
According to an internal document obtained by Bloomberg, the ECB asserts that the way retail payments are made is being transformed by technological innovation. They are currently analyzing the situation and will be ready to take action correspondingly. By using digital currency, central bank could guarantee to offer all of its clients low-cost and simple means of payment.
By Minh Nguyen
Tags: Bloomber,Digital Currency,ECB,payment
Link: European Central Bank Will Develop Its Own Digital Currency If Payments Drive Fails [Copy]
