Deutsche Bundesbank's Baltz: Digital Euro is not only an option, but a necessity

Binance News · 2023-05-20T07:39:13.000Z

Burkhard Balz, a member of the Supreme Executive Committee of the Deutsche Bundesbank, bluntly stated when attending the 2023 Tsinghua PBC Global Financial Forum on the 20th that if the universal use of central bank currency is to be maintained as society enters the digital age, the digital euro will not only be a Choice is necessary. With a digital euro, we aim to transfer all the advantages of cash to the digital realm. A digital euro will give the public access to efficient and convenient payment methods that will be widely used throughout the euro area, just like cash today. Baltz also mentioned that when people ask me when the digital euro can be distributed among users, I am still cautious. We are talking about at least three years, so it may not happen before 2027. (National direct train)

Burkhard Baltz, a member of the Supreme Executive Board of the Deutsche Bundesbank, stated bluntly at the 2023 Tsinghua University PBC Global Finance Forum on the 20th that the digital euro will not only be an option but also a necessity if the widespread use of central bank currency is to be maintained as society enters the digital age. Through the digital euro, our goal is to deliver all the advantages of cash to the digital field. The digital euro will enable the public to have access to efficient and convenient payment methods. It will be widely used throughout the euro area, just like cash today. Baltz also mentioned that when people ask me when the digital euro can be distributed among users, I remain cautious. We are talking about at least three years, so it may not happen before 2027. (National Express)