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Home»Market»European Central Bank CBDC Can End Bank Crises, Better Than Deposits, Says Former Bank of Spain Chief Ordóñez
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European Central Bank CBDC Can End Bank Crises, Better Than Deposits, Says Former Bank of Spain Chief Ordóñez

November 28, 20232 Comments1 Min Read
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“Digital euros are euros, but bank deposits are not euros. Deposits are just promises to pay euros, and if banks can’t fulfill those promises, then you get crises emerging,” he said, adding that a CBDC would have the benefit of stability, justifying the use of the digital euro instead of bank deposits.

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See also  Injective, Underperforming in Crypto Markets, Now Plans Layer-3 Chain on Arbitrum
Bank CBDC central Chief crises deposits European Ordóñez Spain
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