The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
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ROME, Jan 29 (Reuters) - The European Central Bank is exploring ways to launch a digital version of its euro currency, ECB policymaker Ignazio Visco said on Friday, using existing systems alongside new technology.
The ECB is among major central banks around the world studying digital versions of their currencies to address demand for electronic means of payment and fend off competition from private tokens such as Bitcoin and Facebook’s proposed Diem.
Like banknotes, digital euros would give holders a direct claim on the central bank, making them safer than deposits at commercial banks.
By Reuters Staff
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ROME, Jan 29 (Reuters) - The European Central Bank is exploring ways to launch a digital version of its euro currency, ECB policymaker Ignazio Visco said on Friday, using existing systems alongside new technology.
The ECB is among major central banks around the world studying digital versions of their currencies to address demand for electronic means of payment and fend off competition from private tokens such as Bitcoin and Facebook’s proposed Diem.
Like banknotes, digital euros would give holders a direct claim on the central bank, making them safer than deposits at commercial banks.
El escandaloso PLAGIO del BCE y del BANCO DE ESPAÑA: el CIBER-EURO ideado globedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globedia.com Daily Mail and Mail on Sunday newspapers.