Discover and read the best of Twitter Threads about #DigitalEuro
Most recents (5)
The @ecb has published its second progress report on the investigation phase of a #digitaleuro. The report elaborates on #design and #distribution options for its #CBDC and gives an outlook for remainder of the investigation phase and afterwards.
Some observations 👇(1/12)
Some observations 👇(1/12)
🤝 Collaboration: The #ECB stresses that a collaborative approach is key to the preparation and eventual success of a digital euro. Further, it was stressed to continue to actively engage with a large number of stakeholders. (2/12)
As the @DigiEuro, we are one of the civil society associations in contact with the ECB and had one exchange seminar in 2022. During 2023, we hope to be involved in more discussions around essential design options for the digital euro. (3/12)
The @ecb published an interesting paper on the adoption of central bank digital currencies (#CBDCs). In this paper, the authors suggest to take on a #user-centric perspective. This user-centric focus is very important for the success of a CBDC.
Key highlights 👇(1/12)
Key highlights 👇(1/12)
1️⃣ Retail CBDCs (rCBDCs) "will likely face challenges in entering the market and being adopted by consumers and merchants." (2/12)
2️⃣ The authors talk about lessons from two "failed initiatives", namely in Finland and Ecuador, which shows that the ECB is interested in broad adoption for the #digitaleuro. (3/12)
Der digitale Euro kommt. Nahezu alle Zentralbanken der Welt arbeiten derzeit an Central Bank Digital Currencies (CBDCs). Aber was bedeutet das genau? Ein Thread zum #digitaleuro und #bitcoin 🧵👇
2/ Zunächst: Ein digitaler Euro ist nicht das, was wir sehen, wenn wir unser Online-Konto öffnen. Ein digitaler Euro ist programmierbares Zentralbankgeld, das in den kommenden Jahren weltweit kommen wird.
3/ CBDCs sind auch eine Antwort auf Bitcoin. #Bitcoin basiert auf einer dezentralen Blockchain und Pseudoanonymität. Damit das System dezentral und somit unbeeinflussbar bleibt, braucht Bitcoin Energie. Das ist das #ProofofWork-Mechanismus.
(THREAD) Technological innovation opens up opportunities and risks, says Executive Board member Fabio Panetta at the @Bundesbank's conference “Future of Payments in Europe“. Our strategy is to empower Europeans with efficient, inclusive and secure payments in the digital age 1/5
Panetta: Big tech and stablecoins could disrupt the European financial system. While they could offer convenient and efficient payment solutions, they risk endangering competition, privacy, financial stability and even monetary sovereignty 2/5
Panetta: We are implementing a comprehensive policy to ensure that citizens’ payment needs are met, while safeguarding the integrity of the payment system and financial stability. We are also promoting safe, pan-European instant payments 3/5
Find out the latest from the Bank of England on how Central Bank Synthetic Hegemonic Currencies (SHC) complement the legacy financial system and support monetary policy through a #NetworkofCentralBankDigitalCurrencies #DLT #Blockchain bankofengland.co.uk/-/media/boe/fi…
What I said in Zug. @bankofengland states, that central bank currencies should be run by central banks to complement the existing system, providing stability, efficiency and managing risk. The beginnings of rearchitecting the entire financial system!
According to @BIS_org, this is how central bank currencies fit into the financial system. bis.org/cpmi/publ/d174…
