{"id":45716,"date":"2025-09-04T13:01:48","date_gmt":"2025-09-04T13:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45716"},"modified":"2025-09-04T13:01:48","modified_gmt":"2025-09-04T13:01:48","slug":"digital-euro-a-necessary-tool-during-major-disruptions-says-ecb","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45716","title":{"rendered":"Digital Euro a Necessary Tool During Major Disruptions, Says ECB"},"content":{"rendered":"<div>\n<p>A digital euro would be required to ensure users can still make payments during major outages, according to European Central Bank (ECB) board member Piero Cipollone.<\/p>\n<p>A Eurozone central bank digital currency (CBDC) could provide business continuity in the event of a cyberattack on banks or other payment providers, Cipollone <a href=\"https:\/\/www.ecb.europa.eu\/press\/key\/date\/2025\/html\/ecb.sp250904~70ab593276.en.html\">said at the European Parliament in Brussels<\/a> on Thursday. <\/p>\n<p>&#8220;If a cyberattack caused the outage of a bank\u2019s own app, but the bank\u2019s backend services were still functioning, customers would still be able to access their accounts with that bank through the ECB\u2019s digital euro app,&#8221; he said.<\/p>\n<p>Furthermore, if a digtal euro app had offline functionality, it could provide a failsafe for users during a power outage that takes regular methods of payment offline.<\/p>\n<p>&#8220;Cash is our only true fallback&#8230;but as society increasingly moves away from cash, and as cash itself may be difficult to access in emergencies, we need to complement it with a digital version,&#8221; Cipollone added. <\/p>\n<p>The ECB, like its counterparts in almost every other economy around the world, has been exploring the possibilities of a digital version of its currency <a href=\"https:\/\/www.coindesk.com\/markets\/2021\/07\/14\/ecb-moves-to-start-digital-euro-project\">for a number of years<\/a>. <\/p>\n<p>Among their motivations are <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/03\/20\/digital-euro-needed-to-counter-stablecoins-non-european-big-tech-ecb-chief-economist-says\">addressing the competition<\/a> provided by stablecoins and non-bank payment services such as Apple Pay, Google Pay, PayPal and so on. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A digital euro would be required to ensure users can still make payments during major outages, according to European Central Bank (ECB) board member Piero Cipollone. A Eurozone central bank digital currency (CBDC) could provide business continuity in the event of a cyberattack on banks or other payment providers, Cipollone said at the European Parliament [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45716","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45716"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45716\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}