The governing council of the European Central Bank (ECB) on Wednesday announced it will move ahead with a pilot project exploring the benefits and risks of introducing a digital version of the euro. “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,” ECB President Christine Lagarde said in a statement following the decision. A digital form of the currency used by the 19 countries in what is known as the eurozone could provide an alternative to third-party payment services and cryptocurrencies like Bitcoin. Interest …
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