European Central Bank: Public digital currencies may be needed to reduce payment costs

According to Reuters reports, ECB documents show that if international payment costs within Europe are still too expensive, digital currencies supported by the European Central Bank may be necessary, and signs of reduced cash use may accelerate their adoption. The confidential document seen by Reuters also shows that the digital currency supported by the European Central Bank will have a "far-reaching impact" on monetary policy and banks, so the possibility of introducing digital currencies should be carefully evaluated. The document will be presented to the EU finance minister at a meeting on Thursday.