The ECB Pushes for Digital Euro. Time to Invest in the Best Wallet Token?
Christine Lagarde, President of the European Central Bank, said that the ECB is aggressively pursuing the idea of a digital euro and expects to finish the testing phase by October 2025. If it goes through, it will be the EU’s first Central Bank Digital Currency (CBDC). Unlike cryptocurrencies, CBDCs aren’t decentralized or run on blockchain. They’re pegged to a country’s national currency, so the value of 1 digital euro is equal to the value of one physical euro. CBDCs have been a hot topic of debate for a long time now. Proponents believe they’re absolutely essential to....
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Trump’s advocacy of US stablecoins may prove to be the accelerant for a stalled EU plan – the digital Euro. Supporters are rubbing their hands in glee that their beloved pet project, a CBDC for the Euro, may finally become a reality. It’s been languishing in legislative limbo since 2023, as lawmakers were skeptical of the project. The chances of the digital Euro being ready by the end of this year are slim at best. Even so, with major pro-crypto moves on both sides of the Atlantic, it’s a good time to get your crypto wallet ready. And while you’re at it, claim all....
Stephan Leithner, the CEO of Deutsche Börse, a German securities marketplace, is calling for financial reforms in the EU and for the establishment of a CBDC (Central Bank Digital Currency) or digital euro. In light of this, we’ve unpacked the best cryptocurrency with self-governance features that, unlike a CBDC, make the most of the power of decentralization. On February 15, Leithner published a policy paper outlining a 10-step strategy aimed at transforming the EU’s Capital Markets Union (CMU) into a Savings and Investments Union (SIU) with a CBDC as its centerpiece. According to....
During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well. At the time of publication, XRP is currently swapping for $0.677 per coin as it gained more than 25% during the early morning (ET) trading sessions on Tuesday. The coin holds the third-largest market valuation today with a current liquid market cap at around $22.55 billion. The....
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....
The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,” the ECB explained.
Digital Euro to Complement Cash
ECB President Christine Lagarde talked about the digital euro at the plenary session of the European Parliament Monday on the 20th anniversary of the introduction of euro banknotes and coins.
“Last year, we....