ECB Warns Europe Can’t Wait for Private Solution as Cash Use Plunges – Is CBDC the Answer?

The European Central Bank's Piero Cipollone rejects calls to delay the digital euro while waiting for private-sector alternatives, citing cash use collapsing from 40% to 24% of transactions by value since 2019 and warning that foreign control over payment infrastructure exposes Europe to geopolitical leverage. source: https://cryptonews.com/news/ecb-warns-europe-cant-wait-for-private-solution-as-cash-use-plunges-is-cbdc-the-answer/