ECB's Cipollone says digital euro will protect European banks, card schemes

By Valentina Za MILAN, Feb 18 (Reuters) - The digital euro will be designed to ensure it protects European card schemes and keep banks at the core of the euro zone payments system, a ‌senior European Central Bank policymaker said on Wednesday. As a currency managed directly by the ECB through ‌accounts users will open with the central bank, the digital euro project has sparked fears among banks they will lose their role in ​handling payments. Digitalisation of payments has reduced the role of cash, th ...