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ECB exec wonders if enough people will use the digital Euro CBDC
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According to Chainalysis’s research report from September, the world’s crypto-economy is based in Central, North, and West Europe. After all, this region recorded $1 trillion in crypto received over the past year. What’s more, this represented about one-fourth of the world’s crypto-activity.
In light of these findings, naturally, the digital Euro will be the crypto to watch out for. It was in its context that Fabio Panetta, an executive board member of the European Central Bank, recently delivered a speech about the CBDC.
Panetta began by discussing the falling rates of cash usage across Europe. He claimed that central banks need to issue a digital Euro so that people could instead use cash as a store of value. Panetta said,
“A digital Euro
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