Nature of money under scrutiny as e-euro starts to take shape
Some relief for commercial banks worried about the latest disrupter
18 April 2021 - 00:03
The promised digital euro started to take shape this week, and signals from Frankfurt may offer some relief to nervy commercial banks worried about being sidelined by the latest disrupter. With the “hands off” pandemic accelerating the demise of physical cash, and private-sector crypto and stablecoins threatening to invade the space, the pledge last year of a digital euro within five years came before the European Central Bank (ECB) knew what exactly it would be or how it would function. ..
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