ECB President Christine Lagarde Defends Digital Euro Ahead of October’s Launch

The ECB is keen to launch the digital Euro by the end of 2025 to enhance its global adoption Research shows 137 nations have been exploring the launch and development of CBDCs Bitcoin stands a chance to gain more global users once more nations launch their CBDCs Christine Lagarde, the current president of the European Central Bank (ECB), has reassured the public that the digital Euro will consider the needs of all users. Lagarde has reiterated the bank’s commitment to ensure that the digital Euro serves all the people equally. “So it is not something that is good for the elite, or is good for the young, or is good for some versus others. If it is well done, and if it is well implemented, it would be of service to all citizens,” Lagarde stated. In a notable reference, Lagarde further highlighted that the digital Euro will copy the implementation style of China with the Digital Yuan. The Chinese government has rolled out the digital Yuan to millions of users in the past years, especially to retail merchants. “It is piloted on a fairly large scale in China, where it is of use and of service to all citizens,” Lagarde added . Related: Digital Eu… The post ECB President Christine Lagarde Defends Digital Euro Ahead of October’s Launch appeared first on Coin Edition .

Source: Coin Edition