Connect with us

Tech

Leading German tech company backs EU digital currency

Published

on


share

Tweet

share

share

share

Print

Email

On Tuesday (September 15th), Germany’s leading digital security company, which plays a key role in the electronic payments sector, was asked by the head of the European Central Bank (ECB) to conduct a quick survey to create the official digital currency of the European Union. Asked.

Ralf Wintergast, Chairman and Group CEO of Giesecke + Devrient, said in a prepared statement: “We welcome and fully support Christine Lagardes’ approach to the digital euro, at the same time. [the] European level. In the digital world, speed is the most important factor. That’s why we need to focus on digital currencies before it’s too late. There is no doubt that we have the technological know-how and the innovative power to maintain financial sovereignty. “

In a speech on September 10 from Frankfurt, Germany, during a conference on digital banking and payments hosted by the Deutsche Bundesbank, Mr. Lagard provided the rationale for swift action on the digital euro.

“In the digital age, payment innovations make it easier, faster, and cheaper to interact, but this innovation is based on personal payment systems or creates new risks and is sovereign. It will also come in a new form using digital currencies that raises significant issues, “said Lagard, according to official writing records posted on the ECB’s website.

Mr Lagard said central banks need to provide and supervise digital currencies as consumers in regions such as Europe have shown that they prefer digital currencies to cash. He also said that the rapidly developing sector is dominated by a relatively small number of private sectors and needs to control currencies to maintain sovereignty.

“These issues are at the heart of the ECB’s mandate. It raises new questions as to whether the ECB should promote initiatives to integrate retail payments in Europe and even issue a digital euro. “Lagarde said. “We have a duty to help money contribute well to Europeans by playing an active role in balancing the risks and benefits of innovation in payments.”

In addition, “Here at the ECB, it is our duty to ensure that people have access to risk-free, low-cost payment methods and the latest payment services that reflect the changing economy.

“And secondly, given our size and influence, in Europe we have the responsibility of citizens to have choice and not be excluded from the payment ecosystem due to the unilateral actions of others. We are adapting to the global digital economy so that we can maintain the autonomy of European payments in the face of the risk of changing European payments. “

Giesecke + Devrient said in a prepared statement of the company: Not only can’t you rule? “

In addition, “Individual digital currencies managed by central banks give high priority to important social aspects such as risk assessment, data protection, segregation of authority, democratic control, and foreign competitiveness. It also defines the European regulatory framework for solutions. “

——————————

LIVE PYMNTS TV October Series: Realizing Digital Shift – B2B Payment 2021

Banks, businesses, and even regulators recognize the need to modernize as well as digitize the infrastructure and workflows that move money and data between businesses within and across national borders.

Together with VY, PYMNTS invites you to a one-month series of live streaming programs on these issues that reshape B2B payments. Masters of modernization share insights and answer questions in intimate fireplace chats and vibrant virtual roundtable meetings.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content

plus