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Showing posts with the label Fintech

Digital Euro Needed to Counter Stablecoins, Non-European Big Tech, ECB Chief Economist Says

Electronic Payments and Crypto Tickers Electronic payments have become increasingly popular in recent years, with the rise of platforms such as Apple Pay, Google Pay, and PayPal. These payment methods offer convenience and ease of use for consumers, but they also come with their own set of risks. Crypto tickers such as BTC, ETH, and LTC have also gained traction as alternative forms of payment, but their volatility and lack of regulation make them a risky choice for transactions. Europe and Economic Pressure According to Philip Lane, the Chief Economist of the European Central Bank, the growing use of electronic payments in Europe exposes the continent to risks of economic pressure and coercion. This is because these payment platforms are largely controlled by non-European companies, leaving Europe vulnerable to outside influence and potential economic manipulation. Trending Hashtags and Coercion In response to Lane's warning, many social...