“The Two-Stage Process Will Start with A Link to the Exist Target System.”, – WRITE: www.coindesk.com
The Bank Plans A Two-Stage Approach to USING the Technology, WHICH IS A DECENTRALIZED DATABASE THAT IS MAINTAINED AND UPDATED INDEPENDENTLY by Individual Participants. Firstly It Will Develop A System Linked to ITS EXISTING TARGET SETLEMENT SYSTEM. Target Ensures “The Free Flow of Cash, Securities and Collalateral Across Europe,” IT SAID.
“This is an Important Contribution to Enhancing Europe Financial Market Efficiency Through Innovation,“ Execuptive Board Member Piero Cipollone, Who Oversees the Initiatiati.
The Bank Will Also Look for a Long-Term, More Integrated Way of Setting Dlt-Based Transitions in Fiat Money, Which Will Include Foreign Exchange Settlement.
The ECB HAS BEEN Exploring Digital Currency Technology Since 2023. The Initiative Will Build on Exploratory Work Wich Invited Financial Market Stake. DISTRIBUTED LEDGER Technology Platforms to Be Setted in Central Bank Money. ”
A Timeline on the Bank’s Plans Will Be Made Public Later.
X Icon
