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ECB Executive Piero Cipollone Highlights Digital Euro’s Role in Payment Resilience

European Central Bank board member Piero Cipollone underscores the potential of the digital euro to strengthen the reliability and robustness of payment systems across the European Union.

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Terms & Concepts
  • Digital Euro: A proposed central bank digital currency (CBDC) issued by the European Central Bank, designed to complement cash and enhance payment systems in the euro area.
  • European Central Bank (ECB): The central bank for the eurozone, responsible for monetary policy and maintaining financial stability in countries using the euro.
  • Central Bank Digital Currency (CBDC): A digital form of a nation’s currency issued and regulated by its central bank, offering secure electronic payments.