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ECB selecting banks that want to take part in pilot phase
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ECB setup costs to reach around 1.3 bln euros, Cipollone says
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Banks to pocket fees, won’t have to pay system costs to ECB
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Merchants will also have an incentive in terms of cap on fees
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
Surely they should be doing a bit of all of that, that’s how you reduce risk with investments.
Yes, lend money to people to buy houses or start businesses… everything has risk but don’t expose too much to the inflated US market
Thinking that banks need to collect a fee for small money transfers it’s not seeing how big banks really are