ECB eyes blockchain-based payment settlement layer
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ECB eyes blockchain-based payment settlement layer
Publish date
12:00am, Thursday, February 20, 2025
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The European Central Bank launched blockchain based digital payments infrastructure initiative
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ECB executive board member Piero Cipollone said the project is a step toward improving financial market efficiency through innovation.
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Cipollone recently emphasized the need to accelerate the launch of a digital euro, citing concerns over the growing influence of dollar-backed stablecoins. He urged the ECB to accelerate the deployment of the digital euro as a countermeasure to the growing adoption of private stablecoins.
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