PYMNTS-MonitorEdge-May-2024

Virtual Currencies Leave An Impression On Europe’s Central Bank

Virtual currencies were a topic of discussion at the European Central Bank/Banca d’Italia Workshop on Interchange Fees earlier this week.

Virtual currencies were a topic of discussion at the European Central Bank/Banca d’Italia Workshop on Interchange Fees earlier this week.

In fact, a member of the European Central Bank’s executive board suggested virtual-currency schemes “should not be ignored or dismissed as they continue to become more popular worldwide, “ according to Retail Customer Experience.com.

“In Europe, virtual currencies do not pose a risk to price stability or financial stability, but do pose a risk for users,” said Yves Mersch, in a speech

The ECB is going to watch virtual currencies as they develop, he said.

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PYMNTS-MonitorEdge-May-2024