Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I thank our guests for their attendance. Mr. Makhlouf and our other guests referred to the changes that are taking place at a financial level. There has been significant focus at this meeting, perhaps more so than most, on cryptocurrencies and all the rest, but the ECB itself is developing its e-euro or digital euro. I know there are suggestions the deposits could be limited to €3,000 per person, but what is the potential impact of the shift when a digital currency such as that one is released? I refer to customers' accounts being with the ECB and the security that brings. What disruption could that cause to domestic banks? Would people move away from dealing with domestic banks in terms of lodging euros, in favour of using the digital euro for swifter and cheaper payments? Is the Central Bank monitoring that?