Saturday, 25 March 2023

European Central Bank inches closer to ‘digital euro’

The European Central Bank (ECB) moved closer to a “digital euro” with the launch of a pilot project. But questions remain about possible problems and advantages for eurozone citizens. This fact comes as the coronavirus epidemic has accelerated a shift away from cash.

The move comes as the coronavirus pandemic has speed up a shift away from cash. As the central bankers around the world shyly track the rise of private cryptocurrencies like bitcoin. The digital euro, sometimes dubbed “e-euro”, would be an electronic kind of euro notes and coins.

It would be for the first time allow individuals and companies to have deposits directly with the European Central Bank (ECB). This could be safer than with commercial banks, which can go bust. The European Central Bank (ECB) has committed that any following digital euro would be “a fast, easy and secure way” to make disbursements. The service will free and users can make payments through card or smartphone applications.

Top Tax Consultants Tax Return submission Last Date

Digital Euro | European Central Bank | Euro | Currency | Corona Virus | Paperless Currency | Digital Currency |

Related posts

How Pakistan Stock Exchange Works in 2023

Table of Contents How Pakistan Stock Exchange Works in 2023How foreign investors can Invest in…
Read more

Honda 125 Price in Pakistan 2023

Table of Contents Honda 125 Price in Pakistan 2023Top Manufacturers of Motorcycle in PakistanAtlas…
Read more

Top 10 Clothing Brands in Pakistan 2022

Table of Contents Top 10 Clothing Brands in Pakistan 2022What Clothes are Famous in Pakistan?Top…
Read more
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.