Digital Euro Would Hand Europe Control Over Its Payment Systems, ECB Says

The European Central Bank has restated its case for a digital euro, this time emphasizing control over payment infrastructure rather than just convenience for consumers. According to reporting from crypto.news and BitKE, the ECB said the project could give Europe greater command over how money moves across the continent. The argument centers on sovereignty. Much of Europe's retail payment system currently depends on non-European card networks and payment processors. A digital euro, ECB officials suggested, would reduce that dependency by giving the region its own publicly backed digital payment rail.