Excellent discussion on digital finance in Ecofin in Cyprus with participation of ECB President @christinelagarde , President of EP Econ committee @AuroreLalucq and new #EBA chair Francois-Louis Michaud. Europe must smartly embrace innovation in digital payment. PG @ESM_Press https://t.co/Z0I9XOMsch #DigitalFinance #Ecofin #Innovation #CY #EU
Christina Lagarde, president of the ECB, emphasized the transformative potential of stablecoins at the inaugural Banco de España LatAm Economic Forum, discussing their rapid growth, the regulatory responses necessary to mitigate financial stability risks, and the importance of establishing a robust infrastructure for the euro to enhance its global relevance without resorting to dependence on USD-denominated stablecoins. #Stablecoins #DigitalFinance #CentralBanking
Visa reported better-than-expected profits for the second quarter, driven by a 9% increase in payment volumes amid ongoing macroeconomic uncertainty, which led to a 6% rise in its shares, while noting that its business model is resilient against economic downturns, with substantial growth in both data processing revenue and stablecoin settlements. #Payments #ConsumerSpending #DigitalFinance
