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HomeTechECB's Nagel: possible to pay with digital euro in roughly 5 years

ECB’s Nagel: possible to pay with digital euro in roughly 5 years

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BERLIN (Reuters) – European Central Bank policymaker Joachim Nagel said on Thursday that he assumes it will be possible to pay with the digital euro in roughly five years.

The president of Germany’s Bundesbank told the Deutschlandfunk radio station that the digital version of the euro, which will let people in the 20 countries that share the single currency make electronic payments securely and free of charge, was “a huge IT project.”

(Reporting by Frank Siebelt, Writing by Miranda Murray, Editing by Friederike Heine)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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