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Ready for a digital euro? At 25, European Central Bank preps for future of money
As it marks its 25th anniversary Wednesday, the European Central Bank is readying a proposed design for a digital version of the euro, responding to pressure from developing technology that could change how money is used over the bank’s next decades. ECB President Christine Lagarde says a digital euro could offer a way for people to buy things without depending on payment service providers controlled by non-European companies. Those could include Mastercard, Visa, Apple Pay and Google Pay. The European Union’s executive Commission is expected to come up with proposed legislation on the idea in the next several ... (full story)