Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates
Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates
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- ECB selecting banks that want to take part in pilot phase
- ECB setup costs to reach around 1.3 bln euros, Cipollone says
- Banks to pocket fees, won't have to pay system costs to ECB
- Merchants will also have an incentive in terms of cap on fees