What to bear in mind when introducing a digital euro ("Börse Online")

There are numerous initiatives around the world to develop digital currencies. Development has progressed furthest in China, while plans for a digital euro are still far from concrete. A digital euro would "reduce transaction costs and simplify the storage of value," says Prof. Volker Wieland in an interview with "Börse Online.

Depending on how the digital euro would be designed, consumers would have direct access to their digital credit at the ECB. This would have fatal consequences for commercial banks. Because many customers would withdraw their money to park it directly at the ECB. "That could jeopardize the stability of the banking system," warns Wieland.

Börse Online: "Warum die EZB bei ihrer Digitalwährung hinterherhinkt"