Latest News

A Digital European Project In Works With Italian Payments Provider Nexi

The Italian payment company Nexi is currently in partnership with the European Central Bank, working towards the creation of a digital euro.

Additionally, Central banks all over the countries plans to launch their central bank digital currency (CBDC). Also, the governing council of the European Central Bank (ECB) in July, launches the investigation stage of a digital euro project.

However, the duration for the digital euro project’s investigation stage will last for two years. More so, The layout will be on users’ preferences and technical advice.

Meanwhile, this Central banks plans on CBDCs to reduce the competition from other cryptocurrencies.

Digital Euro For Europeans.

“We will engage with the European Parliament and other European decision-makers and inform them regularly about our findings…”
“…Citizens, merchants, and the payments industry will also be involved”

ECB Board Member and Chair of the High-Level Task Force talks on digital euro Fabio Panetta said.
Going further, ECB President Christine Lagarde says,
“Our work aims to ensure that in the digital age, citizens and firms continue to have access to the safest form of money, central bank money.”

Lastly, A digital euro should meet the needs of Europeans and aslo stop financial instability and fraud.

Nexi And the CBDC project for European

More so, The Italian payment provider Nexi is one of the biggest payments companies in Europe. Which is now partnering with the European Central Bank to create a digital euro.

Lastly, Nexi offers payments services for other banks, while managing 41.3 million payment cards and around 2.7 billion transactions yearly. Additionally, They also offer services for merchants and digital banking groups.

Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.