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“ECB is important for promoting a digital euro,” said Philip Lane, the chief economist of the European Central Bank Recent speech. Passchasal Donohoe previously Passhal Donohoe, President of Finance Ministers, question “level of relevance” ongoing a digital currency. Take care of. These notes show that some Europeans warn the next Geoeconomic Front, as Donald Trump’s fare is most of Europe: The United States shows the advantage of international payments.
Have the right to worry. Among the emergence of Trump’s executive commands one Specifically, Stablecoins to promote the use of Stablecoins in the world. There is every reason to wait for him to put the muscle behind it. His leadership, Elon Musk (first hitting with PayPal) and the technology of payments such as HOWARD LUTNick (PAYPAL) is collected with people deep Recommendations Stablecoin Issuer Tether). These violators may not be visible with an old management elite, but agree on strength and profit to control global payments.
This system is aware of great changes for both political and technological reasons. Dollar-based financial system weapons of weapons – the United States said how the enemy was entered into rapid messages for bank transfers – asked for alternatives. Thoughts include a currency and payment system managed by BRICS countries. Technologies such as stablecoins, correspondent banking offers an expensive, slow and challenging legacy for a moment, cheap and 24/7 alternative.
Thus, the future payments want to fight for the domination of the system and win the United States. The wider European community may be happy with happiness. However, those who lead the eurozone are the lack of this struggle for technological control over the economy. The main motivation for the digital euro – the official digital currency provided by the Central Bank, which will prefer the attractiveness of the opponent or dollar stablecoin when it is fast enough or fast.
Without it, Europe is facing the threats we know for a while – Facebook has introduced the 2019 offer for the e-currency of Facebook. Earlier, Europe, Trump could not move the autonomous because it was very difficult to process trade payments without the banks affected by Europe.
The fact is that the eurozone is already shocked by America’s payment mechanisms. Two-thirds of the card payments in the eurozone are processed by European card providers, expresses ECB; There are 13 national card payment systems from 20 countries using the euro. In these cases, “I have a European central banker or visa / MasterCard when you go to milk. This addictive mobile applications are repeated in rapid spread.
If Stablecoins use widespread, the latest risk, sales platform buyers and sellers are “digital dollars” that they encourage the price, tokens and remnants. This controls the internal money conditions of the Central Bank.
All this is ignored by those who ignore the digital euro project as a solution to a problem. However, the signs are reduced in their ranks. To date, the digital euro project is necessary to defend the invention, but it is nice. However, the overdue but recognizes positive controversy for the digital euro. One is a simple idea that internal digital payment technology is practically free, if it can replace paid outdoor payment providers, this is Tantamount to remove an operational tax in the eurozone and economic activity.
The other can compete with dollar stablecoins for a digital euro international business. How to connect to currencies that do not have it are already viewed by ECB. But it should go further. Currently, the digital Euro wallets will not serve work need for smooth payments, for example, for smooth payments along the border supply chains.
However, the most important benefits are a digital infrastructure for automated digital contracts – a digital infrastructure for the “rails” guaranteed to the security of the Central Bank. Compare these smartphones in the way the application economy. Outside of autonomy, it is an opportunity for Europe to organize its retribution. Digital euro’s time now.
