The European Central Bank (ECB) official Piero Cipollone has outlined the benefits of a digital euro, stressing how it would bolster Europe’s financial sovereignty and resilience.
Speaking at the Committee hearing on Economic and Monetary Affairs, Cipollone highlighted the digital form of euro’s “tangible benefits” to all stakeholders.
Seyffart and his boss, Eric Balchunas, gained prominence in the ETF space, particularly for their analysis of Bitcoin and Ethereum ETFs.
“It would empower Europe to independently develop and manage digital payment solutions,” he stressed.
He hinted that the project preparation has roughly one more year to go. This aligns with the ECB President Christine Lagarde’s forecast to launch the CBDC before her term ends in 2027.
Cipollone said that the CBDC project, which started in 2021, is at the “midpoint of the preparation phase.”