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ECB Wants to Establish Blockchain-Based Payment System - BLOOMBERG
By Bastian Benrath-Wright and Mark Schroers
The European Central Bank wants to establish a blockchain-based payment system that allows financial institutions to settle transactions in central-bank money, a potential step toward introducing a wholesale central bank digital currency, or CBDC.
“This is an important contribution to enhancing European financial market efficiency through innovation,” Executive Board member Piero Cipollone said in a statement on Thursday.
