The ECB will issue a European digital currency in case of urgent need

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The European Central Bank (ECB) has announced that it will develop a single digital currency for Europe if the need for fast and cheap international payments will not be closed by industry leaders. But so far the ECB does not see such a need.
ECB officials added that CBDC with legal tender status would be able to "ensure that all customers have access to a cheap and easy means of payment."
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