Europe@feddit.orgEnglish · 4 days ago

Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates

www.reuters.com

105

Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates

www.reuters.com

dubak@feddit.org to

Europe@feddit.orgEnglish · 4 days ago

reuters.com

www.reuters.com

ECB selecting banks that want to take part in pilot phase
ECB setup costs to reach around 1.3 bln euros, Cipollone says
Banks to pocket fees, won’t have to pay system costs to ECB
Merchants will also have an incentive in terms of cap on fees

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4 days ago
It’s not going to cost them net anything though. 4b to setup and then fees for as long as the currency lasts…so they’ll recoup all their costs and then it’ll be free money

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