ECBs Cipollone Says Digital Euro Key to Europes Control Over Payments

Rising geopolitical tensions are strengthening the case for a European-controlled digital payments system, according to European Central Bank (ECB) executive board member Piero Cipollone.

In an interview with Spanish newspaper El País, shared by the ECB on Wednesday, Cipollone described the proposed digital euro as “public money in digital form,” arguing that it was needed to complement cash and address an increasingly fragmented payments landscape in Europe, especially as e-commerce grows.

He noted…