A statement came from the ECB regarding the preparations for the digital Euro.
Fabio Panetta, member of the ECB Board of Directors, explained that the digital euro could be launched in three or four years, but banknotes will be available as long as there is demand.
The ECB is working closely with the central banks of the US, UK, Switzerland, Canada, Japan and Sweden to ensure that the ECB digital Euro can be traded alongside other central bank digital currencies.
In an interview with Panetta Les Echos published on the ECB website, “When we look at our grades on our progress, we are in the first phase” He also said that more work is needed.
Source: Cumhuriyet Gazetesi – Gündem by www.cumhuriyet.com.tr.
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