Technology

ECB to spend €1.3bn on preparations for a digital euro

An estimated 130 central banks are considering plans for digital currency with the ECB stressing that while it is moving nearer to introducing one, this is not guaranteed

Christine Lagarde, President of the European Central Bank. The ECB in its call last week said it will spend €1.3 billion across the five contracts development of an app and related-software components. Picture: Getty