An ECB board member told the European Parliament the digital euro will free users of threats to private payment technology.
European Central Bank (ECB) executive board member Piero Cipollone spoke before the European Parliament Committee on Economic and Monetary Affairs about preparations for the issuance of a digital euro. He addressed four issues the central bank was facing, and how the ECB would guarantee the public’s ability to use a free common means of payment.
Cipollone said the ECB has begun looking for infrastructure providers for the European Central Bank digital currency (CBDC). “Our readiness would be compromised if we started searching for possible suppliers only after that decision [to launch the digital euro] is made,” Cipollone said on Feb. 14, adding that agreements would be flexible in regard to legislative and technological developments. In addition:
This may be fateful for Amazon’s future participation in the project. It was chosen to create a prototype e-commerce component for the CBDC, but another call for applicants has been issued since then.
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Source: https://cointelegraph.com/news/digital-euro-better-privacy-private-systems-ecb-exec-says