Digital finance needs public money and central-bank trust, Cipollone argues
Piero Cipollone says central banks will be essential to maintaining trust and interoperability as digital finance develops.
The future of digital finance should rest on public money rather than private alternatives, according to an argument published by The Economist.
Piero Cipollone argues that central banks will be needed to maintain trust in digital finance and ensure that its systems remain interoperable.
The supplied material does not identify Cipollone’s institutional affiliation or provide further detail on the mechanisms, technologies or regulatory measures he supports.
The argument presents public money and central-bank involvement as important foundations for the future of digital finance. The claims are attributed to Cipollone and are not presented as an established consensus.
The Economist published the argument on 21 September 2026.
