ECB Talk Say Digital Euro Important For Money Control; Poste Italiane Ready To Make People Use Am More
Di European Central Bank (ECB), dem still push for dem introduce one digital euro. Wetin make dem wan do am na to fit hold dia power over money and because pipo no too dey use cash again for inside eurozone. One bobo wey be member for inside ECB board, Piero Cipollone, yarn recently say na only 24% of transactions pipo still dey do with cash now. This one happen because pipo don move go digital payments, and na foreign companies largely dey control am. Even up to two-thirds of card payments for dat area na non-European companies pipo dey use, and many countries for eurozone just dey depend on global card or mobile platforms alone. Dem design dis digital euro to work hand-in-hand with cash and to make sure say everybody go accept am everywhere for Europe. E get things like offline usage, private-private matter, and na free basic use for everybody. Surveys wey dem do show say pipo dey show interest to dey use dis digital euro. Wetin good for ear na say ECB dey think to work with Poste Italiane, wey be Italy own post office wey get big banking network and plenty customers. Dem wan use am help make plenty pipo fit start to use am when dem finally launch am. If development and government green light carry go as e dey plan, dem fit start to do first digital euro transactions by mid-2028. ECB also dey move forward with distributed ledger technology (DLT) settlement with central bank money to help with tokenization and to protect against too much dependence on stablecoins or other assets wey no belong to any country. When dem involve trusted local partners like Poste Italiane, e show say connecting within the country important to make sure say everybody fit get access. Crypto traders suppose watch wetin ECB dey do well, because if dis digital euro launch well, e fit change how pipo dey pay for Europe, affect central bank digital currency (CBDC) rules, and how e go compete with private digital currencies.
Neutral
Di announcement show say dem dey make steady progress on top European Central Bank digital euro project. New gist don show say dem fit work with Poste Italiane to make am easy for people to get. Even though dis news show say institutions dey serious and e fit affect CBDC something and how people dey pay with digital money generally, dem no expect to launch am sharp-sharp before 2028. Di digital euro still dey under development and dem never approve am finish. ECB say di money go support cash, e no go replace am. For pipo wey dey trade crypto, dis update show say European government still get eye on digital money, but since e go take time to come out, e no likely affect crypto prices now now. We gats dey watch how dis CBDC thing go affect private digital currencies for future, but for now, e no get immediate effect on price.