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Snippet- Eric Tak, European Central Bank: Crypto Isn't Likely to Take Off in Retail Payments Yet, But Collaboration Between Public and Private Sectors Is the Bigger Picture.
Manage episode 520068805 series 3232865
Public + Private Innovation Will Shape the Future of Payments
Eric Tak, Head of Division, Digital Euro Product Proposition, European Central Bank, emphasized that while crypto isn’t likely to take off in everyday retail payments yet, the bigger picture lies in the collaboration between the public and private sectors.
The Digital Euro will provide a secure, stable platform for basic payments, a foundation on top of which licensed financial institutions and fintech players can build new services, user experiences, and value-added layers.
In other words, the innovation isn’t replaced, it’s enabled.
The Digital Euro sets the rails.
The private sector drives the train.
Listen to the full podcast now- https://bit.ly/4lk6zer
#DigitalEuro #CentralBankDigitalCurrency #ECB #PaymentsInnovation #Fintech #FutureOfMoney #FinancialInfrastructure #PublicPrivatePartnership #EuropeFintech #CBDC
565 episodes
Manage episode 520068805 series 3232865
Public + Private Innovation Will Shape the Future of Payments
Eric Tak, Head of Division, Digital Euro Product Proposition, European Central Bank, emphasized that while crypto isn’t likely to take off in everyday retail payments yet, the bigger picture lies in the collaboration between the public and private sectors.
The Digital Euro will provide a secure, stable platform for basic payments, a foundation on top of which licensed financial institutions and fintech players can build new services, user experiences, and value-added layers.
In other words, the innovation isn’t replaced, it’s enabled.
The Digital Euro sets the rails.
The private sector drives the train.
Listen to the full podcast now- https://bit.ly/4lk6zer
#DigitalEuro #CentralBankDigitalCurrency #ECB #PaymentsInnovation #Fintech #FutureOfMoney #FinancialInfrastructure #PublicPrivatePartnership #EuropeFintech #CBDC
565 episodes
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