ECB’s Cipollone Defends Digital Euro Amid Rising Geopolitical Tensions and Payment Fragmentation

TLDR: Cash usage in eurozone transactions plummeted from 40% in 2019 to just 24% in 2024 as digital payments surge  Digital euro will serve as legal tender requiring all merchants accepting digital payments to adopt the system  E-commerce now represents over one-third of transaction value, creating urgent need for digital payment solutions  ECB official rejects [...]

The post ECB’s Cipollone Defends Digital Euro Amid Rising Geopolitical Tensions and Payment Fragmentation appeared first on Blockonomi.