ECB sees no "business case" for digital currency yet: Mersch
FRANKFURT (Reuters) - The European Central Bank currently sees no "business case" for launching its own digital currency but is looking at how one would work should that change, ECB board member Yves Mersch said on Monday.
"The lack of a concrete 'business case' for a CBDC (Central Bank Digital Currency) at present should and does not stop us from seriously exploring the optimal design of a CBDC so that we will be well prepared should we ever take (that) policy decision," Mersch told a virtual conference.
Shopify and Dropshipping is it not over?
Dropshipping is a way that shops fulfill their purchases. Essentially, they don’t stock their products in the store or at a warehouse. Their inventory is bought from a third party who sends the purchase straight to the customer. This means that the seller never physically possesses the product. A wholesaler or producer fulfills the orders on behalf of the vendor.