ECB disputes PwC estimate of digital euro implementation costs
Lenders will need to spend around the same as they did implementing PSD2, central bank argues
Making the digital euro available will probably cost the same for lenders as adopting the European Union’s revised payment services directive (PSD2), the European Central Bank has said.
In a paper published today (October 10), ECB analysts say eurozone banks would be likely to have to spend around €1 billion ($1.16 billion) annually over the central bank digital currency’s four-year implementation period. They add that the annual figure should amount to no more than €1.44 billion ($1.67 billion)
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