European Central Bank Says Digital Euro Isn’t Coming Anytime Soon

News
Fri, 09/14/2018 - 14:37
Alex Dovbnya
The European Central bank (ECB) is not ready to embrace cryptocurrencies. ECB will not roll out its own digital currency due to the volatile nature of the industry
Cover image via U.Today

According to a recent Reuters report, the European Central bank (ECB) is not ready to embrace cryptocurrencies. ECB will not roll out its own digital currency due to the volatile nature of the industry. ECB President Mario Draghi is certain that Blockchain has to be explored further, but they are not ready to issue digital euro despite the growing popularity of digital means of payment.

Meanwhile, the idea of central banks launching their own cryptocurrencies don’t seem to be that far-fetched. Sweden’s Riksbank is currently mulling over issuing a digital version of this coin called e-krona.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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