Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Cash can’t keep up with digital demand, ECB says in push for digital euro
Share
  • bitcoinBitcoin(BTC)$104,116.81
  • ethereumEthereum(ETH)$2,504.44
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.16
  • binancecoinBNB(BNB)$654.72
  • solanaSolana(SOL)$154.25
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.189194
  • tronTRON(TRX)$0.267626
  • cardanoCardano(ADA)$0.68
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Cash can’t keep up with digital demand, ECB says in push for digital euro
Crypto

Cash can’t keep up with digital demand, ECB says in push for digital euro

admin
Last updated: 15/05/2025 6:03 Chiều
admin
Published 15/05/2025
Share


With cash use shrinking and digital payments on the rise, the European Central Bank thinks a digital euro might be needed to keep public money in play.

As Europe swipes, taps, and clicks its way through daily life, the European Central Bank says old-school cash can’t keep up, and a digital euro might be the answer. In a speech at the France Payments Forum event, ECB executive board member Piero Cipollone publicly acknowledged that “in the digital age, cash alone cannot do the job.”

Cipollone explained that while cash will remain available, its use has fallen as consumers increasingly turn to private digital options lately. Private payment services “are convenient, but they don’t serve all public interest objectives,” Cipollone said, adding that a digital euro “would ensure that people have a choice and don’t become dependent on a few dominant providers.”

The ECB has been consistently arguing that a digital euro could help strengthen Europe’s monetary sovereignty. In late April, for instance, a senior French central banker warned that U.S. policy shifts promoting stablecoins could erode European monetary sovereignty in the absence of a digital euro.

Cipollone in his recent speech noted that while a digital euro would not replace cash, it would “complement” it, ensuring that central bank money remains relevant in a digital world.

He also stressed that the digital euro would be designed to protect privacy, stating that a digital euro “would never be programmable money.” The ECB would not set limits on how people could spend it, Cipollone added. Though still in the works, the ECB expects the digital euro to be accessible “at any time and for everyone,” but the exact launch date is still up in the air.

You Might Also Like

Ethereum Foundation launches ‘Trillion Dollar Security’ plan

Blockchain.com eyes African expansion amid crypto rule changes

What is a crypto presale? Ultimate guide to crypto presales

XRP eyes fresh breakout as SuperTrend indicator flushes buy

Can Monero’s XMR price surge 40% and revisit all-time high?

TAGGED:CashdemanddigitalECBeuropush

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Bahrain’s restaurant group Al Abraham becomes first public firm in Middle East to adopt Bitcoin
Next Article DYDX price poised for breakout as bullish technical signals converge with strengthening fundamentals
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
$161m floods startups as prices sway
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?