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European Central Bank bets on CBDCs over BTC for cross-border payments By Cointelegraph

Summary by Ground News

ECB's interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the euro. The study highlighted Bitcoin's inherent scaling and speed issues, but failed to consider the timely upgrades to the network.

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European Central Bank bets on CBDCs over BTC for cross-border payments By Cointelegraph

European Central Bank bets on CBDCs over BTC for cross-border payments

3 years ago

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Forkast

CBDCs better for cross-border payment than Bitcoin, stablecoins: ECB

Bitcoin is the worst option for cross-border payments while stablecoins occupy an intermediary position, the European Central Bank (ECB) said.

3 years ago

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BeInCrypto

European Central Bank Hails CBDC 'Holy Grail' of Cross Border Payments - BeInCrypto

A report by the European Central Bank (ECB) has found that central bank digital currencies (CBDC) could be the “holy grail” of cross-border payments.

3 years ago·Hong Kong

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The Daily Encrypt - Blockchain News, NFT News, Coin Prices, Charts and Data

The Central Bank of Europe Believes CBDCs Will Better Than Bitcoin for Payments

The interest of the ECB in finding the best cross-border payment solution comes from its role as the central bank for the 19 European Union member countries that have adopted the euro.

3 years ago

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