Digital euro can fill market gap, panellists say
Representatives from central banks and industry discuss use cases for retail and wholesale CBDCs
Introducing a retail central bank digital currency (CBDC) for the eurozone could fill a gap in the cross-border instant payments market, representatives from relevant stakeholders told the Fintech Connect conference in London.
The panel discussion, held on December 5, highlighted the potential use cases for the digital euro, a project announced by the European Central Bank (ECB) in 2021.
Ville Sointu, chief strategist of digital currencies at Nordea Bank, emphasised that central banks needed to be
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