The governor of the European Central Bank, Christine Lagarde, announced on Sunday an ECB research of public opinion on the introduction of the digital euro. She put forward the notion that the central bank is considering a retail implementation of the future virtual currency of the Eurozone. Not just one designed for use between banks, making the digital euro a profound transformation tool for the financial system of Europe.
“As Europeans are turning ever more to digital in the ways they make payments, save up, and invest, we should be ready to issue a digital euro, if needed,” Lagarde stated on Twitter, announcing the ECB survey.
While claiming the ECB is still analyzing the possibility of digital euro issuance, Lagarde noted on the video in her tweet, “We’ve just started public consultations so that Europeans can openly express their views on the topic. They can communicate to us whether they would be satisfied to use a digital euro in the same manner they use coins or banknotes knowing that they can rely upon the central bank of the Eurozone and its money.”
The recent statements of European financial leaders such as Lagarde indicate that the conversations about the possibility of a retail-tailored digital euro are relevant at the highest level.
