Burkhard Balz: The digital euro for tomorrow's payment systems
By Bank for International Settlements (BIS)
In this influential speech, Burkhard Balz articulates the multi-dimensional rationale for a Digital Euro, framing it as a vital response to the declining use of physical cash and the growing dominance of non-European BigTech platforms. He argues that Europe must avoid a future where payments are trapped in "walled gardens" governed by private entities.
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