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The ECB blockchain wholesale central bank money payment system aims to enhance European financial market efficiency, harmonization and integration through innovation
ECB wholesale central bank money payment system could serve as a precursor to the introduction of the digital euro, central bank digital currency
The ECB might accelerate the deployment of the digital euro to counter the growing adoption of private stablecoins
The ECB's blockchain based wholesale central bank money payment system will be implemented in two phases: firstly a blockchain platform will be connected to the existing Target settlement system, next fully integrated solution, potentially including FX transactions will be built
After Trump's central bank digital currency (CBDC) ban, ECB board member Cipollone double downed on the EU need for a digital euro to compete with private stablecoins
The European Central Bank (ECB) is developing a blockchain-based payment system for financial institutions to settle transactions using central bank money

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The European Central Bank launched blockchain based digital payments infrastructure initiative

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