ECB to Develop Fiat Currency Settlement System for Distributed-Ledger Transactions

Coin Desk

Cryptocurrency News | Cryptocurrency Prices | Market Cap

View article

Reposted by

Cryptocurrency News | Cryptocurrency Prices | Market Cap

Center

Factuality

Ownership

ECB to Develop Fiat Currency Settlement System for Distributed-Ledger Transactions

The two-stage process will start with a link to the existing Target system.

watcher.guru

Center

Factuality

Ownership

European Central Bank to Create a Blockchain-Based Payment System

The European Central Bank is looking to create a blockchain-based payment system in what could bring it closer to the launch of a CBDC

Bloomberg

Lean Left

Factuality

Ownership

ECB Wants to Establish Blockchain-Based Payment System

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.

The Crypto Basic

Factuality

Ownership

ECB Explores Long-term Blockchain Settlement Solutions for Financial Markets

The European Central Bank (ECB) has expanded its initiative to enable the settlement of transactions recorded on distributed ledger technology (DLT) using central bank money. The initiative follows a two-track approach, focusing on immediate and long-term solutions to integrate DLT transactions into the Eurosystem’s market infrastructure. Interoperability with TARGET Services According to the Thursday press release, the Eurosystem plans to imple…

Crypto News Flash

Factuality

Ownership

European Central Bank to Build DLT-Based Settlement Infrastructure

The ECB’s two-phase DLT integration plan could reshape financial markets, bridging traditional banking with blockchain technology. Central banks’ growing adoption of DLT may influence cryptocurrency regulations and investor sentiment toward Bitcoin and Ethereum. An earlier CNF report revealed that the European Central Bank (ECB) has played a crucial role in shaping Central Bank Digital Currencies (CBDCs), positioning them as a potential alternat…

Coin Academy

Factuality

Ownership

The ECB is developing a cash settlement system based on the DLT to modernise financial infrastructure and improve market efficiency. Implementation will take place in two stages: first, integration with the TARGET system and then a broader solution for the settlement of foreign exchange transactions. Since 2023, the ECB has been experimenting with the DLT with market players to assess profits. A step towards the integration of DLTs into the Euro…