ECB outlines three models for putting central bank money onchain
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The ECB is examining how central bank money can be used on blockchain infrastructure. Three models are currently under discussion. Source: BTC-ECHO BTC-ECHO
The ECB is examining how central bank money can be used on blockchain infrastructure. Three models are currently under discussion. Source: BTC-ECHO BTC-ECHO
The European Central Bank is studying three models of tokenised settlement to bring central bank money to programmable blockchain networks. To outline them was Isabel Schnabel, member of the ECB Executive Committee, during a speech on Thursday at the Future of Money conference of the Bank of England, London. It is the clearest public overview [...]
ECB Weighs Three Models for Tokenized Settlement
TLDR ECB is examining three models for bringing central bank money onto programmable financial networks. One option would allow the central bank to issue reserves directly on a programmable platform. ECB plans to retain the two-tier system involving central banks and commercial banks. Pontes connects DLT-based transactions with central bank settlement, while Appia studies longer-term [...]
The European Central Bank is studying three ways to incorporate central bank money into blockchain networks, as it advances with Pontes and Appia and seeks to preserve the two-tiered monetary system.
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