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ECB’s Cipollone Says Digital Euro to Underpin Small-Value Payments

European Central Bank official views the digital euro as a foundational retail payment layer for low-value transactions.

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Terms & Concepts
  • Digital Euro: A proposed central bank digital currency (CBDC) issued by the European Central Bank for use in electronic payments.
  • Retail Payments: Transactions made between consumers and businesses, typically for goods and services, often involving low to medium values.
  • CBDC (Central Bank Digital Currency): A digital form of fiat currency issued and regulated by a country's central bank.