"the introduction of the digital euro could cost up to €30 billion for banks in the eurozone, even though – as currently conceived – it would not offer any recognizable added value for either consumers or businesses."
"Instead of a parallel world, we need the existing infrastructure to be enhanced in cooperation with the banking industry and for it to offer genuine added value for consumers and businesses alike"
But muh ecb digital euro trial
$LINK #Swift
Today's #Fintech Digest features:
- The U.S. Securities and Exchange Commission (SEC) and Ripple jointly asking Southern District of New York federal court to dissolve a prior injunction and release $125 million currently held in escrow.
- A PwC study conducted for European banks showing that the digital euro could cost up to €30 billion for them, without any added value for consumers and businesses.
For more detail go to:
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