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European Central Bank seeks public input on digital euro

Published 10/13/2020, 08:37 AM
Updated 10/13/2020, 11:00 AM
European Central Bank seeks public input on digital euro

The European Central Bank launched a public consultation on a potential digital euro on Oct. 12.

Developments on the central bank digital currency front in the Eurozone have picked up pace amid the COVID-19 pandemic, and the central bank has framed its introduction to the public consultation with the claim that the issuance of a CBDC could help "cushion the impact of extreme events — such as natural disasters or pandemics — when traditional payment services may no longer function."

Screenshot from the ECB's public consultation on the digital euro. Source: ECB Eurosystem survey

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