CD Media
Markets

ECB Pushes For A Central Bank Digital Currency

ECB Pushes For A Central Bank Digital Currency

ECB headquarters, Frankfurt
Image by DXR / Daniel Vorndran

The president of the European Central Bank (ECB), Christine Lagarde, supports the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments.

In an interview with French business magazine Challenges published on Jan. 8, Lagarde discussed the most likely threats to the global economy in 2020, among which she named a downturn in trade and a range of uncertainties, geopolitical risks and climate change. Going further, Lagarde noted that “the EU is still the most powerful economic and trading area in the world, with enormous potential…”

To read more visit Coin Telegraph.

Related posts

Labor Costs Rise…Jobless Claims Beat…Factory Orders Surge

CD Media Staff

UPDATE: Trump Slaps New Tariffs On China… PMI = Slow Manufacturing Growth Ahead Of Non-Farm Tomorrow

CD Media Staff

Durable Goods Continue To Rise, Sentiment Unsteady As Lockdowns Impact Confidence, Housing Continues Surge From Dem Violence, COVID Repression

CD Media Staff

1 comment

Treasury Takes China Off Currency Manipulator List Ahead Of Phase One Trade Deal Signing January 14, 2020 at 5:49 am

[…] ECB Pushes For A Central Bank Digital Currency […]

Reply

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!