On Sunday, Christine Lagarde, former chief executive of the International Monetary Fund and current president of the European Central Bank, on Twitter, offered to publicly comment on the potential central bank digital currency (CBDC).
“We are still under study and evaluation, but we have just started a public consultation so that consumers and Europeans can really express their preferences and let us know whether they would like to use the digital euro in the same way they use the euro currency. Or the euro banknotes, knowing that there is money for the central bank. Available and they can trust, “Lagarde said in a video clip of the topic.
The comments about the potential CBD were part of a broader series of reflections on what Lagarde described as a “difficult year.”
Topics discussed included the impact of the Coronavirus and the European Central Bank response, the importance of studying how banking policy can adapt to climate change, and how cryptocurrencies can better fit into today’s European lifestyle choices.
“With Europeans increasingly turning to digital technology in how they use, preserve and invest in them, we must be ready to issue a digital euro if needed,” Lagarde wrote.
As previously reported by Cointelegraph, the European Central Bank has a plan to conduct a more serious study of the central bank’s digital currency by 2021. In addition, central banks around the world are taking initial, albeit cautious, steps towards issuing the central bank’s digital currency.
The tweet also contained a link to a survey in which he invited the European chief banker to share their thoughts.
“I also want to hear your opinion on this.”