• tal@kbin.social
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    1 year ago

    Relative to some other digital system, this is what WP has as ECB goals:

    https://en.wikipedia.org/wiki/Digital_euro

    Arguments and motives for the introduction of a digital euro are, according to the ECB:

    • Maintain the role of central bank money as a monetary anchor for the payment system.
    • Provide free digital access to a secure legal tender in the Eurozone
    • Expanding payment options through alternative central bank money alongside cash and book money in commercial bank accounts, contributing to availability and inclusion
    • Building trust in digital cash through a high level of privacy protection
    • Promote innovation in retail payments
    • Limiting the spread of foreign digital currencies to safeguard the financial stability and monetary sovereignty of the Eurozone