The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Nexi Working with ECB to Develop Central Bank Digital Currency

by Miki 09/23/2021
by Miki 09/23/2021 0 comment

Although unconfirmed from an ECB source, Nexi CEO is bold in his assertions that his company is helping to shape ECBs approach to CBDCs.

The Italian payments company Nexi has publicly announced its work with the European Central Bank (ECB ) on a central bank digital currency, the digital euro.

To meet the demands of the people while protecting their interests, the ECB in July announced its plans for a digital euro. Rather than become an outright replacement, the central bank hopes to use the digital currency as a complement for the existing fiat currency, and payment system. This would preserve the work of financial institutions and the role of commercial lenders.

According to Nexi CEO Paolo Bertoluzzo, “We are engaging with the European Central Bank and contributing to the design of the future digital euro .” Bertoluzzo believes that the development of digital currency will help improve digital payment. He also envisages it will aid the growth of the system. He made this revelation at the Money 20/20 fintech conference in Amsterdam on Tuesday.

On the Development of Central Bank Digital Currency

Globally, there is a clamor for the adoption of digital currencies. This comes even as interest and adoption of cryptocurrency continue to rise to unprecedented levels. The result is a decline in the use of fiat across nations.

Consequently, banks globally are either researching, consulting, or actively working on or developing their CBDCs.

China is heading the charge towards a CBDC. It created the digital yuan and has tested the same on millions of citizens in several of its regions. The Bank of England and the U.S. Federal Reserve are also exploring the prospects of a digital pound and a digital dollar respectively.

Although unconfirmed from an ECB source, Nexi CEO is bold in his assertions that his company is helping to shape ECBs approach to CBDCs. Bertoluzzo said, “The situation will evolve because clearly there will be more to it. We’re starting to talk about a new version of cash. That’s the way they think about it.”

Why CBDC Is a Preferable Option for Payments

Bertoluzzo outlined the need for certainty of value for any medium of exchange. This he noted was something crypto assets lacked due to their volatility. This led him to conclude that assets like Bitcoin were not going to be very useful in facilitating cross-border payments.

“Today those types of cryptocurrencies have basically zero impact in payments,” Bertoluzzo said. In their place, Bertoluzzo notes that stable coins and CBDCs have a greater role to play in cross-border payments due to their stability.

next Altcoin News, Cryptocurrency news, News

Thank you!

You have successfully joined our subscriber list.

Source link

Views: 0
BankCentralCurrencydevelopDigitalECBNexiWorking
Share
0
FacebookTwitterPinterestEmail
previous post
Chainlink, Algorand, Dash Price Analysis: 23 September
next post
Solana must do the following for another 20% jump in 24 hours

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Bitcoin Whales Accumulation Patterns Shows Strong Bullish Sentiment Among Top Holders

  • Floki Inu Raises $1.4M in 35 Minutes in Donation Drive for Million Gardens Movement

  • The Crypto Market Now Has $2.1 Trillion Reasons To Thrive, But Can It Hold On? ⋆ TCNW

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Mining (0)
  • Ripple (149)
  • Uncategorized (0)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$28,831.00-0.55%
  • ethereumEthereum(ETH)$1,762.06-0.09%
  • tetherTether(USDT)$1.00-0.14%
  • usd-coinUSD Coin(USDC)$1.00-0.22%
  • binancecoinBNB(BNB)$302.000.44%
  • rippleXRP(XRP)$0.387192-2.75%
  • Binance USDBinance USD(BUSD)$1.000.15%
  • cardanoCardano(ADA)$0.457179-2.00%
  • SolanaSolana(SOL)$41.38-1.59%
  • dogecoinDogecoin(DOGE)$0.0822745.66%
  • polkadotPolkadot(DOT)$9.212.83%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,802.00-0.72%
  • tronTRON(TRX)$0.080204-0.31%
  • Lido Staked EtherLido Staked Ether(STETH)$1,721.27-0.09%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.01%
  • AvalancheAvalanche(AVAX)$22.881.49%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • Shiba InuShiba Inu(SHIB)$0.0000111.39%
  • AlexAlex(ALEX)$0.068435-0.04%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$5.002.71%
  • litecoinLitecoin(LTC)$62.49-0.64%
  • CronosCronos(CRO)$0.1694010.69%
  • HederaHedera(HBAR)$0.389473-3.44%
  • matic-networkPolygon(MATIC)$0.58-1.17%
  • RareRare(RARE)$0.0461220.00%
  • FTX TokenFTX Token(FTT)$26.70-1.45%
  • NEAR ProtocolNEAR Protocol(NEAR)$4.86-3.35%
  • bitcoin-cashBitcoin Cash(BCH)$176.02-2.95%
  • moneroMonero(XMR)$180.00-2.39%