Post by sevenofnine on Oct 19, 2023 11:04:28 GMT -5
Well this just broke overnight cycles
The European Central Bank took a further step towards launching a digital version of the euro on Wednesday.
The ECB's governing council said it would start a two-year "preparation phase" for the digital euro on November 1 to finalize rules and choose its private-sector partners.
The preparation phase would encompass a "testing and experimentation" stage as benefits or risks associated with the common digital currency are yet to be made clear.
The ECB maintained that the final decision on launching a digital currency has also not been made.
A digital euro would be an electronic means of payment available to everyone in the euro area. It would give people the option to use central bank money in a digital format, complementing banknotes and coins.
www.dw.com/en/european-central-bank-moves-digital-euro-to-next-phase/a-67143744
The European Central Bank took a further step towards launching a digital version of the euro on Wednesday.
The ECB's governing council said it would start a two-year "preparation phase" for the digital euro on November 1 to finalize rules and choose its private-sector partners.
The preparation phase would encompass a "testing and experimentation" stage as benefits or risks associated with the common digital currency are yet to be made clear.
The ECB maintained that the final decision on launching a digital currency has also not been made.
A digital euro would be an electronic means of payment available to everyone in the euro area. It would give people the option to use central bank money in a digital format, complementing banknotes and coins.
www.dw.com/en/european-central-bank-moves-digital-euro-to-next-phase/a-67143744
!!
