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ECB Caution: iPhone's CBDC Compatibility
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The European Central Bank (ECB) has raised concerns over Apple's iPhone potentially being incompatible with offline payments crucial for future European central bank digital currency (CBDC) use. ECB allocated a significant part of its digital currency budget to offline payments, essential for transactions without network connectivity.
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How could this situation impact the development and regulation of digital payment systems globally?
How might Apple address the ECB's concerns to ensure iPhone compatibility with CBDC?
What implications could this incompatibility have on the adoption of digital currencies in Europe?
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