PricewaterhouseCoopers (PwC) has unveiled its Digital Euro Cost Study, which projects the expenses related to the implementation of a digital euro to be approximately €18 billion. A significant portion of these costs is expected to be shouldered by local retail banks.
The study, commissioned by various European banking associations including the European Association of Co-operative Banks (EACB), the European Banking Federation (EBF), and the European Savings and Retail Banking Group (ESBG), reinforces a long-held argument by Bitcoin proponents regarding the potential alternatives to a digital euro.
