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Iberpay's Opinion on the Digital Euro

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"The Digital Euro will mean a momentous change in both money and payment systems and in the financial activities that banks lend today."

The Digital Euro should be of great interest to Spaniards. Both to Spaniards in general, because the long-term benefits of digital public money are immense, and to the Spanish banking industry since, even though it starts with great limitations, the Digital Euro will mean a momentous change in both money and money. the payment systems and in the financial activities that banks carry out today.

That is why it is important that documents such as the "Guidance on sectoral preparedness for the possible launch of the digital euro by the ECB" that Iberpay has just published in which it reports on the progress of the digital euro project and Iberpay's plans to collaborate in distribution through its Smart Money initiative.

Iberpay is a key entity in our financial system as manages the national payment system, in addition to other services that he explains in your web

Enrique Titos, who leads the Working Group at Fide Digital Money and Payment Systems highlights that “Spain is at the forefront in Europe in instant payments thanks to Iberpay's services, authentic payment rails on which banks can build layers of service to customers and companies such as Bizum. Therefore, it is not surprising that Iberpay may play a role in the future distribution of the digital euro if it is broadcast, ”.

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About the Author

Miguel A. Fernández Ordóñez

Miguel A. Fernández Ordóñez

State economist. Former Governor of the Bank of Spain and member of the Governing Council of the European Central Bank (ECB). He currently teaches Seminars on Monetary Policy and Financial Regulation at IEUniversity.

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