European Central Bank: ‘No Plans’ for Digital Currency, Cash Demand Growing

[Nikko]

The European Central Bank (ECB) has “no plans” to issue its own digital currency, President Mario Draghi told the European Parliament Wednesday, September 12.

Addressing a query by MEP Jonás Fernández, Draghi said “substantial development” was still needed in the underlying technology behind cryptocurrencies before the Central Bank would consider using them.

“The ECB and the Eurosystem currently have no plans to issue a central bank digital currency,” he summarized:

Readmore: https://cointelegraph.com/news/european-central-bank-no-plans-for-digital-currency-cash-demand-growing

[Speaker]

The European Central Bank (ECB) has “no plans” to issue its own digital currency, President Mario Draghi told the European Parliament Wednesday, September 12.

Addressing a query by MEP Jonás Fernández, Draghi said “substantial development” was still needed in the underlying technology behind cryptocurrencies before the Central Bank would consider using them.

“The ECB and the Eurosystem currently have no plans to issue a central bank digital currency,” he summarized:

Readmore: https://cointelegraph.com/news/european-central-bank-no-plans-for-digital-currency-cash-demand-growing

Perhaps they have not studied the cryptocurrency well enough and are still eyeing it. believe me-they just do not leave.And if they see a benefit-be sure to use it.

[agusiska]

it's just a matter of time for the world's central bank to use blockchain technology, but keep in mind maybe not in the near future, and crypto will never replace cash.