Digital euro to provide retail payments backbone Europe needs, ECB's Cipollone says

MILAN, Jan 29 (Reuters) - The euro zone needs to be self-sufficient in handling payments and the digital euro will provide the necessary ​infrastructure for retail transactions, European Central Bank Executive Board Member Piero ‌Cipollone said on Thursday. The ECB is working on a digital version of the single currency to ‌maintain the central bank's core role in an increasingly digital economy and defend the euro zone's monetary sovereignty. Speaking remotely at a conference in Italy, Cipollone said t ...