Recent Calls for a Digital Euro Bolster the Bitcoin Bull Case
Bitcoin has been undergone the spotlight over the past few months and years due to some fearing it will contest traditional currencies. Central banks seem to be firing back with their own central bank digital currency projects. Ironically, analysts say that the introduction of CDBCs could end up strengthening Bitcoin. Calls for a CBDC Bolster the Bitcoin Bull Case, Analysts Say Recently, European Central Bank President Christine Lagarde confirmed that the European Union’s central bank […]
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Bitcoin bull Anthony Pompliano shares his thoughts on the digital euro, reminding everyone that it won’t be decentralized, nor will it signal a change in monetary policy. This week, the European Central Bank (ECB) announced it had started researching the digital euro. They added that they had not decided on whether it will get implemented. […]
The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital euro. Amazon has been chosen to focus on e-commerce payments. ECB Collaborates With 5 Companies on Digital Euro The European Central Bank (ECB) announced Friday that it will collaborate with five companies “to develop potential user interfaces” for a digital euro. The ECB explained: The aim of this prototyping exercise is to test how well the technology behind a digital euro....
A new bot called Callcoin allows users to use the Telegram messaging app to make cheap international phone calls, paying only with bitcoin and recharge codes. Communicating to CCN, Callcoin said its international phone rates are 10 times cheaper than standard rates. 120 minutes, a group of Latvian-Canadian developers, created Callcoin. Callcoin uses callback rather than Voice Over Internet Protocol (VoIP), a feature which the company claims provides higher quality telephony than other call services. Cheaper International Rates. A Callcoin call from Canada to France gets charged 4 euro....
A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be smaller than that of card payments. 300,000 Payments a Second Processed During Digital Euro Trial An experiment carried out as part of the recently launched ‘Investigation Phase’ of the digital euro project has....
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB) to €3,000 per person. Limited Availability of Digital Euro Expected to Prevent It From Becoming Too Popular Europeans’ access to a digital euro should be restricted to prevent a flight of capital from deposits at commercial banks, according to a report published by the European....