Germany: Finance minister in favour of a national digital currency

Germany might soon be making a move towards developing their very own national digital currency. Reportedly, Olaf Scholz, Germany’s Vice-chancellor and finance minister, has shown his support towards implementing a blockchain-based monetary system for the nation As per the German financial news magazine WirtschaftsWoche, the finance minister is in complete favour of electronic currency or even a digital euro. However, he made it clear that this won’t be replacement of the fiat currency but would rather be used alongside the euro thus enhancing the financial system for Europe. He mentioned: “Such a payment system would be good for financial centre … Continue reading Germany: Finance minister in favour of a national digital currency