Proponents of the digital euro say its a better alternative to cash that’s fully backed by the ECB. But critics argue it could provide the EU with too much power over its citizens. The digital euro is one of Europe’s most contentious financial projects. Supporters see it as a way to preserve the bloc’s monetary sovereignty, reduce its reliance on foreign payment providers, and ensure central bank money survives in an online economy dominated by USD stablecoins. Critics, however, argue the digital euro could be a way for a supranational organization to surveil — and in certain circumstances, even control — the population of Europe. Read more
Franklin Templeton’s digital assets lead said that the autonomous AI agent economy will increase demand for blockchain protocols hosting machine-to-machine micropayments. Artificial intelligence (AI) agents are the next “killer” use case for blockchain and cryptocurrency, according to investment management giant Franklin Templeton’s head of digital assets and innovation. Sandy Kaul said in a X post on Wednesday that the AI agent economy will increase demand for blockchain protocols hosting machine-to-machine micropayments, as legacy card networks are unsuitable for agentic payments due to high fees and settlement times. “To capture the AI growth opportunity today, most investors buy shares of AI-aligned companies and related verticals. But will the same playbook work for agentic AI,” Kaul said in the introduction to his more-than-1,800 word post. Read more