ECB's Cipollone outlines euro cash future, digital euro implications

ECB Executive Board member Piero Cipollone delivered a keynote on the future of euro cash, emphasizing its continued role while signaling design considerations for a potential digital euro. The speech suggests the ECB is balancing cash preservation with digital innovation, but no concrete policy shift was announced. This matters as it hints at the ECB's strategic direction on payments infrastructure, which could influence market expectations for digital currency adoption.