digital euro

euro digital currency

The ECB Chooses Three Executives From BBVA, CaixaBank And Bizum For Its ‘Council Of Wise Men’ On The Digital Euro

The council is composed of 30 members (23 men and seven women), all of whom come from the business community. BBVA will be represented by Antonio Macías Vecino, who has been in charge of payments policy at the bank since June 2020.Caixabank by Fanny Solano, head of market regulation, digital and retail banking, and Bizum by Fernando Rodríguez Ferrer, who has been responsible for business development since January 2017.

euro digital

The ECB’s Public Consultation On Digital Euro Is Already Underway; Will Negative Rates Increase?

On October 2nd, the European Central Bank published a report on a digital Euro, providing a list of possible reasons for its launch. These include increased demand for electronic payments, decreased use of cash, the launch of global private means of payment, digital currencies issued by foreign central banks or monetary policy considerations. The ECB launched a public consultation last Monday, October 12 and will venture to take a decision on the introduction of a digital Euro by mid-next year.