ECB is looking to design a digital euro more energy-efficient than Bitcoin
Cointelegraph
Published Jul 14, 2021 01:03PM ET
Updated Jul 14, 2021 02:40PM ET
The European Central Bank, or ECB, joins the growing club of crypto-friendly financial institutions as it announces the decision “to launch a project to prepare for possibly issuing a digital euro.” The ECB’s official tweet noted:
According to a press release on July 14, the ECB's governing council has launched the investigation phase of a digital euro project. This phase is planned to last for two years, during which time Eurogroup will design a digital currency focused on “users’ preferences and technical advice by merchants and intermediaries.”
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Written By: Cointelegraph
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