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The European Central Bank (ECB) plan to modernize your Payment infrastructure using blockchain technology.
This new initiative could lead to Creation of a Central Bank digital currency (CBDC) For the Eurozone. Announced in a FEBRUARY DECLARATION By the ECB, it will extend in two phases.
First, the bank plans Develop a system that allows settlements in the money of the Central Bank Through a connection with the transfer of gross settlement in automated trans -European time (AIM). The objective ensures Soft transactions of cash, values and guarantees Through the Eurozone.
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In addition, the ECB Explore a long -term solution to solve transactions Use of blockchain technology. This step would create a more advanced system to process payments and could lay the foundations for a future digital euro.
Member of the Executive Board Piero Cipolone He said in the statement:
This is an important contribution to improve the efficiency of the European financial market through innovation.
The ECB He started looking in a digital euro in 2021focusing on how it could be designed and distributed. In 2023, the bank established clear priorities for the first phase of its digital currency project.
As development continues, the ECB Refine your blockchain -based payment system while working with public and private interested parties.
Meanwhile, the Hong Kong Securities and Future Commission (SFC) recently introduced the Aspire Plan. What does the plan imply? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
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