Christine Lagarde, Chairman of the European Central Bank, said that the digital euro could become a supplement, not a replacement of cash.
Speaking at the online meeting of the Parliamentary Assembly on September 21, she stated that the ECB still studies the possible benefits, risks and mechanisms associated with the launch of the digital currency. After adding that Fiat will continue to exist and fulfill its role.
According to Lagard, a digital euro can become an alternative to private stabilizes, guaranteeing sovereignty of money of European payment systems.
So far, the European Union only considers the prospects for the release of its own CBDC, but the results of the discussion should be announced in the coming weeks. However, even in case of a negative decision on digital currency, the ECB, by 2024 the European Commission will develop
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