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ECB To Launch a Central Bank Crypto Rivalling Libra & Bitcoin

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Europe, one of the Financially stable Economy has now decided to venture into digital currency. ECB explores the development of digital currency to rival Libra and Bitcoin. Benoît Cœuré (Member of ECB) told in a conference in Brussels that Digital Currency will provide flexibility to Banks even if Cash runs out. 

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Last year, Benoît had quoted Bitcoin to be the evil spawn of the financial crisis. Now, under Mr. Cœuré’s guidance, the BIS plans to create a central bank digital currency for wholesale use between banks. Earlier this month, France had proposed a bill that Europe launch digital currency that has now got the necessary clearance.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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