Crypto
Why ECB thinks Bitcoin is Unlikely to be the Holy Grail of Cross Border Payments
The ECB believes Bitcoin is not a suitable means of cross-border payments, citing its PoW mechanism, lack of regulation, and volatility.
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RAIN$0.0157+4.11%
LEO$9.54-0.17%
ZEC$417.90-7.62%
XLM$0.1932-6.36%
BTC$62,533.00-3.27%
ETH$1,660.02-4.47%
USDT$0.9988-0.01%
USDC$0.9998+0.00%
XRP$1.10-3.16%
SOL$68.97-5.07%
TRX$0.3301-0.45%
FIGR_HELOC$1.04+0.35%
HYPE$62.57-7.36%
DOGE$0.079-5.01%
USDS$0.99960.00%
RAIN$0.0157+4.11%
LEO$9.54-0.17%
ZEC$417.90-7.62%
XLM$0.1932-6.36%
While annual inflation has dropped in the eurozone, consumer prices still grew at a slightly faster pace than initially estimated.
The ECB believes Bitcoin is not a suitable means of cross-border payments, citing its PoW mechanism, lack of regulation, and volatility.
The ECB has taken its first step towards developing a CBDC, but users are already showing concerns.