Ah, the European Central Bank (ECB) is preparing for a rather splendid financial transformation, darling! They’re all set to unveil a unified payment system, and guess what? It’s powered by that oh-so-chic blockchain technology. The ECB, in its infinite wisdom, aims to establish this system to allow financial institutions to settle transactions using central bank money, which they charmingly refer to as Central Bank Digital Currency (CBDC). How avant-garde! 💃
A Two-Track Approach to Blockchain Payments
To achieve this lofty ambition, the ECB has concocted a two-track approach for integrating blockchain into its payment infrastructure. Quite the strategic maneuver, wouldn’t you say?
According to the ECB, the first track involves developing an interoperability link between blockchain-based transactions and
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2025-02-20 22:36