The European Central Bank will make a determination on moving forward with a digital euro in October, though President Christine Lagarde cautioned that the central bank is still in the experimental phase.
  • tracyspcy@lemmy.mlOPM
    4·
    1 year ago

    TLDR:

    • The ECB is studying a digital euro project
    • A digital euro would be a CBDC that would coexist with cash
    • A digital euro would offer a convenient and risk-free way to pay
    • The ECB will make a decision by 2024, after public consultation
    • A digital euro could have benefits and challenges for the economy