Snippet- Eric Tak, European Central Bank: Crypto Isn't Likely to Take Off in Retail Payments Yet, But Collaboration Between Public and Private Sectors Is the Bigger Picture.

Public + Private Innovation Will Shape the Future of Payments

Eric Tak, Head of Division, Digital Euro Product Proposition, European Central Bank, emphasized that while crypto isn’t likely to take off in everyday retail payments yet, the bigger picture lies in the collaboration between the public and private sectors.

The Digital Euro will provide a secure, stable platform for basic payments, a foundation on top of which licensed financial institutions and fintech players can build new services, user experiences, and value-added layers.

In other words, the innovation isn’t replaced, it’s enabled.

The Digital Euro sets the rails.

The private sector drives the train.

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