Europe Is Terrified of U.S., China Digital Currencies—But Can’t Develop Its Own | Fortune


Europe is realizing that its failure to modernize its financial system is not just a threat to its competitiveness, but to its very sovereignty.

Earlier this month, European Commission Vice President Valdis Dombrovskis had also warned of the same threat, saying: “It has become clear that for certain strategic technologies, the capacity to drive cutting-edge innovation will determine our sovereignty as a continent. Payments is one of those strategic technologies.”

Source: Europe Is Terrified of U.S., China Digital Currencies—But Can’t Develop Its Own | Fortune

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