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2021-07-15

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Digital Euro Coming? 13 Things We Know About the ECB’s Potential Plans

The European Central Bank (ECB) is working on a digital euro but it will still be some time before t

Digital Euro Coming? 13 Things We Know About the ECB’s Potential Plans

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13 Things We Know About the ECB’s Potential Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1109132109","media":"investorplace","summary":"The European Central Bank (ECB) is working on a digital euro but it will still be some time before t","content":"<p>The European Central Bank (ECB) is working on a digital euro but it will still be some time before the virtual currency will see use.</p>\n<p>Let’s take a look at everything investorsneed to knowabout the digital euro and ECB’s possible plans.</p>\n<ul>\n <li>The ECB will likely be setting up a wallet to hold the digital euro for citizens.</li>\n <li>That could include holding limits to keep people from abandoning commercial banks.</li>\n <li>This would likely be similar to how a digital bank account works.</li>\n <li>However, a major difference is that the ECB has no worries about running out of funds.</li>\n <li>One thing to note is that there’s no guarantee that the ECB will use blockchain for the digital currency.</li>\n <li>That seems like a strange choice considering the massive adoption of the technology by cryptocurrencies such as&nbsp;<b>Bitcoin</b>(CCC:<b><u>BTC-USD</u></b>) and&nbsp;<b>Ethereum</b>(CCC:<b><u>ETH-USD</u></b>).</li>\n <li>It’s also unlikely that users will be able to remain anonymous when making purchases with the currency.</li>\n</ul>\n<ul>\n <li>While the switch is likely happening, it won’t be for some years.</li>\n <li>The ECB has entered an investigational phase concerning the currency.</li>\n <li>This will last for 24 months.</li>\n <li>The ECB also still needs to design the digital euro and have it approved by regulators.</li>\n <li>That means people won’t likely be using the digital currency for at least five years.</li>\n <li>When they do, the ECB claims that the digital euro will be environmentally friendly with energy use for it being negligible.</li>\n</ul>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Digital Euro Coming? 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13 Things We Know About the ECB’s Potential Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 23:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/digital-euro-coming-13-things-we-know-about-the-ecbs-potential-plans/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The European Central Bank (ECB) is working on a digital euro but it will still be some time before the virtual currency will see use.\nLet’s take a look at everything investorsneed to knowabout the ...</p>\n\n<a href=\"https://investorplace.com/2021/07/digital-euro-coming-13-things-we-know-about-the-ecbs-potential-plans/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/07/digital-euro-coming-13-things-we-know-about-the-ecbs-potential-plans/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109132109","content_text":"The European Central Bank (ECB) is working on a digital euro but it will still be some time before the virtual currency will see use.\nLet’s take a look at everything investorsneed to knowabout the digital euro and ECB’s possible plans.\n\nThe ECB will likely be setting up a wallet to hold the digital euro for citizens.\nThat could include holding limits to keep people from abandoning commercial banks.\nThis would likely be similar to how a digital bank account works.\nHowever, a major difference is that the ECB has no worries about running out of funds.\nOne thing to note is that there’s no guarantee that the ECB will use blockchain for the digital currency.\nThat seems like a strange choice considering the massive adoption of the technology by cryptocurrencies such as Bitcoin(CCC:BTC-USD) and Ethereum(CCC:ETH-USD).\nIt’s also unlikely that users will be able to remain anonymous when making purchases with the currency.\n\n\nWhile the switch is likely happening, it won’t be for some years.\nThe ECB has entered an investigational phase concerning the currency.\nThis will last for 24 months.\nThe ECB also still needs to design the digital euro and have it approved by regulators.\nThat means people won’t likely be using the digital currency for at least five years.\nWhen they do, the ECB claims that the digital euro will be environmentally friendly with energy use for it being negligible.","news_type":1},"isVote":1,"tweetType":1,"viewCount":205,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}