💨 Abstract

European lawmakers have expressed concerns about the European Central Bank's (ECB) digital euro project following an outage in the ECB's existing payment system. The outage caused delays for thousands of households and traders due to initial incorrect diagnosis of the issue by central bank technicians. Lawmakers question the ECB's ability to deliver on the digital euro project, citing this incident as a blow to the ECB's credibility.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖