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Samson: Consultations between 19 European countries on the issuance of a “digital Euro”

20:14 – 11/10/2020

The European Central Bank announced its readiness to launch public consultations and tests tomorrow, Monday, in an effort to decide on the launch of a “digital euro” in the 19 single currency countries.

The move comes at a time when the (Covid-19) outbreak is speeding up the abandonment of banknotes, while policymakers are anxiously watching the rise of private cryptocurrencies such as Bitcoin. The digital or virtual euro will be an electronic version of euro banknotes and coins, guaranteed by the European Central Bank.

For the first time, it will allow individuals to deposit directly with the European Central Bank, which is a safer way than depositing money with commercial banks that may go bankrupt, or keeping banknotes that may be stolen or lost.

Similar to cash, money can be kept outside the banking system, in a “digital wallet”, for example, that would allow individuals and companies to make daily payments in a fast, easy and secure way.

The bank stressed that “the digital euro will complement and not replace money, and digital sums can be issued or transferred using the account records technology known as blockchain, which is a public database that cannot be revised by cryptocurrencies.”   LINK

Don961:  A new study reveals a “shocking period” for the survival of “Corona” on banknotes and phones

2020-10-11  Yes Iraq – Baghdad

A recent study revealed that the emerging corona virus can stay on banknotes for four weeks.

The study, issued by the Australian Center for Disease Preparedness and Response, indicated that the virus may remain contagious for weeks on banknotes, glass and other common surfaces, according to what was reported by Bloomberg News today.

The study revealed that the virus can remain for 28 days on smooth surfaces such as the glass on mobile phone screens and plastic banknotes at room temperature, or 20 degrees Celsius (68 degrees Fahrenheit), and that is compared to a 17-day stay for the influenza virus, according to “German” .

“Our results show that the virus can remain contagious on surfaces for extended periods, reinforcing the need for good practices such as regular hand washing and surface disinfection,” said Debbie Eagles, deputy director of the center.  LINK