Digital Euro Statement from Germany
The German Finance Minister wants the ECB to speed up its digital Euro efforts. He pointed out that there is a high demand for digital payment solutions at a conference yesterday.
The search for a central bank digital currency (CBDC) is getting stronger as the public continues to seek more solutions to digital payment. German Federal Finance Minister Olaf Scholz urged the European Central Bank on Friday to speed up its preparations for the digital euro to meet the growing demand for digital money. He emphasized that the digital currency will play a very important role in improving both local and international payments.
ECB should work hard on the digital euro
At an online conference today, the German finance minister voiced his thoughts on the future of payments in the European continent. He pointed out that many businesses and consumers show high interest in digital money. With this note, he stated that the central bank should increase its efforts in creating solutions for digital payments. The minister said:
“I think we need to work hard on the Digital Euro. This is not something we have to wait and see. Now we should be able to decide at any moment that we need to do something with the digital euro. “