Piero Cipollone, member of the Executive Board of the European Central Bank (ECB), emphasized the importance of the digital euro for the health of sovereign payments in Europe. He also noted that such a solution would keep banks in the financial circulation, whereas stablecoins try to push them aside.
Redaksiya reports that Cipollone stated that the digital euro is of great importance for the future of payments within the European Union (EU). According to him, this will provide an alternative to sovereign money and protect the role of banks in the financial system. Cipollone opposed stablecoins' desire to remove banks from circulation, emphasizing that the digital euro would prevent such risks. The ECB's digital euro project aims to create a safe and efficient payment instrument for European citizens. This will also help strengthen Europe's financial sovereignty and reduce dependence on foreign currencies like the US dollar. The digital euro will also contribute to the digitalization of the European economy.
Cipollone also noted that the digital euro would promote innovation while preserving the role of banks in the financial system. He also emphasized that the digital euro would ensure faster, cheaper, and more transparent payments within the European Union. The ECB's digital euro project is of great importance for the future of the European economy, and developments in this area are being closely monitored.
Sevinc Karimova