News with the tag "Digital Euro"

Europe needs to embrace a digital version of its currency (or a digital euro) to stand strong against the rising popularity of stablecoins and the widespread use of payment systems from the United States. That’s the message from Philip Lane, the Chief Economist at the European Central Bank (ECB). Ac...

Key Takeaways: The ECB alerts that the role of central bank money may be threatened by the fall in cash usage and the development of private digital currencies. Other people’s digital money and stablecoins are thought of as potential threats to Europe’s capacity for controlling its financial system ...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. On February 25, Tether ( USDT ) CEO Paolo Ardoino asserted that “USDT is the most successful tool for US dollar hegemony and distribution across emergi...

Is Europe at risk of losing control over its financial future? Recent warnings from a top European Central Bank (ECB) official suggest so. As digital payments become increasingly dominant, the ECB is making a powerful push for a digital euro . But why the urgency, and what does it mean for Europe an...

The chief economist at the European Central Bank (ECB), Philip Lane, said Europe needs a digital euro to counter the foothold that dollar-linked stablecoins and U.S. electronic payments systems are gaining in region's the financial system. The prevalence of electronic payments provided by Big Tech f...

Bitcoin Magazine ECB Prepping the Ground for Digital Euro Launch The European Central Bank (ECB) is laying the groundwork for the probable launch of its wholesale and retail central bank digital currency (CBDC), the Digital Euro. Christine Lagarde, President of the ECB, shared this update at their l...

The European Central Bank (ECB) plans to launch the digital euro, with the testing phase set to end by October 2025. ECB President Christine Lagarde and her team are working with stakeholders to move the project forward, despite concerns from lawmakers and the public. Digital Euro on Track for 2025 ...

European Central Bank President Christine Lagarde has said the ECB is looking to issue a digital euro by October 2025, once legislation comes into effect - if the central bank has its way. However, lawmakers recently raised doubts on whether a digital euro can take flight, according to a Reuters rep...

The digital euro, a concept that has been steadily gaining traction, is now facing a critical juncture. Christine Lagarde, President of the European Central Bank (ECB), has recently amplified the call for its advancement, underscoring the urgent need for this digital currency. However, her message c...

Ripple, a global leader in blockchain-based payments and digital asset solutions, was officially listed as one of the sponsors of the Digital Euro Conference 2024 (DEC24). This sponsorship, shared by a popular crypto analyst Dark Defender, aligned with Ripple’s broader strategy to contribute to digi...