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ECB President Christine Lagarde says payments are undergoing a ‘potentially disruptive transformation’ as Central Bank outlines key objectives for Digital Euro

By Elizabeth Hearst for AMLi

The President of the European Central Bank, Christine Lagarde, has revealed payments are currently undergoing a “potentially disruptive transformation” as people opt for digital methods over cash. 

In a blog post outlining the key objectives for the Digital Euro, Mme Lagarde and Fabio Panetta, Member of the ECB’s Executive Board emphasised that to “ensure financial stability in this digital age,” it is “crucial” for people to have access to central bank money.

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