The ECB decided to fight bitcoin by creating its own alternative
Banks need to speed up the process of developing instant payment systems by using which their clients will be able to send transactions in real time. According to a board member of the European Central Bank, only So they are will be able to compete with cryptocurrencies such as bitcoin. About this writes Independent.
“Banks need to implement instant payments as soon as possible and provide an alternative interpretation in response on schemes using virtual currencies, “he said during a speech in Rome.
how notes Independent, despite the low prevalence among retailers, virtual currencies are viewed by the leadership of central banks as a threat to the banking system and monetary policy.
A similar points member of the board of the German Federal Bank Karl-Ludwig Thiele, who said that cash is still too popular in Germany, which does not allow considering the option of a complete transition to digital currency.
Photo: Yavuz Meyveci