ECB could speed up plans for public digital currency if cash use drops
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BRUSSELS (Reuters) - A digital currency backed by the European Central Bank could be necessary if payments within Europe remain too expensive, a confidential ECB document said, adding that its possible adoption could be accelerated by signs of lower cash usage.Plans for a European public cryptocurrency have begun emerging after social media giant Facebook announced in June its blueprint for Libra, a private digital currency, which spooked regulators who have since raised concerns and said..