European Central Bank’s Cipollone: Digital Euro Fees to Surpass Domestic Card Costs

The European Central Bank (ECB), through Cipollone, announced that the fees associated with the digital euro are expected to surpass those of domestic transactions but will be lower than international card costs. This design aims to enhance efficiency in cross-border payments, an area where current card networks incur higher fees due to currency conversion and processing layers. The ECB is currently preparing for a potential rollout of the digital euro, focusing on features like programmable payments and accessibility.

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