ECB Official Urges European Payment System Independence
Piero Cipollone of the ECB advocates for a digital euro to reduce reliance on U.S. payment systems amid rising geopolitical tensions.
Insights:
In a recent interview published by El País, Piero Cipollone piero cipollone, an Executive Board member of the European Central Bank (ECB), emphasized the necessity for Europe to establish its own payment systems. Cipollone's remarks, made on January 28, 2026, highlight the growing importance of the digital euro as a strategic tool to decrease reliance on the dominant U.S. payment networks, Visa Inc. and Mastercard Inc. , amid rising geopolitical tensions.
