The European Union plans to boost financial resilience across the bloc by launching a digital euro.
It is a means of pushing back against non European payment platforms, largely dominated by US companies such as Mastercard and Visa.
Since Donald Trump returned as US President, there are also concerns the country could use its networks to halt payments or freeze assets in some countries.
The European Central Bank says the digital euro won’t replace cash and coins, but will help people make secure payments online.
A pilot of the scheme will be launched next year and to test the digital currency, the EU has recruited some of the project’s biggest critics.
So, just how will the EU’s digital currency work and is it really necessary?
Joining Enda Brady for this discussion:
Oliver Drewes
Former Spokesperson for EU Commission
Cedric Nicolas
Web3 Consultant and Entrepreneur
Daniel Kral
Lead economist at Oxford Economics
#digitaleuro #europe #money #finance #EU #eueconomy
Roundtable is a discussion programme with an edge. Broadcast out of London and presented by Enda Brady, it’s about bringing people to the table, listening to every opinion, and analysing every point of view. From fierce debate to reflective thinking, Roundtable discussions offer a different perspective on the issues that matter to you. Watch it every weekday at 15:00 GMT on TRT World.
Credit to : Roundtable