ECB’s Lagarde Says Digital Euro Has Key Role in Payment Autonomy

A digital euro has a key role to play in safeguarding European payment autonomy, according to European Central Bank President Christine Lagarde.

She warned that it’s very unhealthy to rely on a single source for critical aspects of daily life. This was highlighted by Russia’s decision to weaponize energy supply following its invasion of Ukraine.

“When you look at your wallet and you look at your telephone and see the applications that you use for payments or the cards that you use for payment, you very soon realize that those means of payments are not necessarily European,” she told ...