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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WBT$54.95-0.04%
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
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.