Categories: Crypto

A Digital Euro Appeases Italy’s Banking Association

Central banks all over the world have begun their preparations for a cashless society. In Italy, a trial for a digital Euro may commence a lot sooner than originally expected.

Various Italian banks want to pilot  a central bank digital currency.

Italian Banks Push the Envelope

Somewhat surprising, given recent remarks by the Federal Reserve

.

In Europe, however, the sentiment toward CBDcs is very different.

Italy, a country struggling financially, needs some positive finance news following the COVID-19 pandemic.

According to the Italian Banking Association, that will occur fairly soon.

Just last year, the organization created a working group to research digital assets.

It now seems that some of this research has been rather favorable in terms of CBDCs

Related Post
.

Finding monetary stability and compliance with Europe’s framework will be the next priority.

This trial is promising, yet it doesn’t necessarily mean that a digital euro will become the new norm.

Depending on the success of this trial, things may shift in a certain direction.

If successful, Italy may join forces with France and even the Netherlands regarding this digital euro.

Both nations have already expressed a keen interest

in CBDCs, yet no trial has been launched.

An interesting time looms ahead for the EU, that much is certain.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ethereum Ecosystem Primed For A November Rally – ETH Coins Chainlink (LINK), Toncoin (TON), And Cutoshi (CUTO) The Ones To Watch

With a Total Value Locked (TVL) of $50.72B, Ethereum is the world's largest blockchain, with…

5 hours ago

Analysts Predict a Rollblock 5000% Surge Dwarfing Pepe Coin and Popcat Recent Fame

The meme coin market has recently been surging once again; tokens such as Pepe and…

15 hours ago

FLOKI Dominates Meme Market as Rollblock ICO Skyrockets. Is Polkadot Losing Its Edge?

The FLOKI price has recorded over 300% yearly ROI, dominating crypto gains in the meme…

15 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

15 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

15 hours ago

Plus Wallet vs. OKX: A Look at Security, Privacy, and Global Accessibility

A Complete Comparative Analysis of Plus Wallet & OKX: Security, Privacy, Accessibility & Rewards Choosing…

21 hours ago