The European Central Bank has launched a public consultation on a digital euro

Christine Lagarde, the president of the European Central Bank, has announced the launch of a public consultation on a digital euro.

Lagarde said in a tweet announcing the survey, “As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed. I’m also keen to hear your views on it.”

Lagarde said in a subsequent video that the survey means that “consumers and Europeans can actually express their preference and tell us whether they would be happy to use a digital euro just in the way they use a euro coin or a euro banknote, knowing that it is central bank money that is available and that they can rely upon.”

Back in January, Lagarde expressed her desire to play an active role in the digitalization of payments: “We are looking into the feasibility and merits of a central bank digital currency that would ensure that people can continue to use central bank money even if the use of physical cash eventually declines.”

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