ECB’s Lagarde Says Digital Euro Has Key Role in Payment Autonomy
- Payment apps, cards aren’t necessarily European, Lagarde says
- Digital euro is intended to be safe, sovereign and available
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A digital euro has a key role to play in safeguarding European payment autonomy, according to European Central Bank President Christine Lagarde.
She warned that it’s very unhealthy to rely on a single source for critical aspects of daily life. This was highlighted by Russia’s decision to weaponize energy supply following its invasion of Ukraine.