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ECB’s Digital Euro Push Aims to Cut Foreign Payment Dependence
ECB’s Digital Euro Push Aims to Cut Foreign Payment Dependence
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BTCCSquare news:
The European Central Bank is positioning its digital euro as both a consumer convenience and a strategic hedge against reliance on foreign payment infrastructure. Executive Board member Piero Cipollone emphasized its design for universal acceptance—from small shops to smartphone-free users—while promising lower fees for retailers through ECB-operated infrastructure.
A mid-2029 launch appears plausible, with the project framed as complementary to existing payment methods rather than a replacement. The MOVE reflects growing European urgency to secure monetary sovereignty amid global digital currency competition.
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