ECB Proposes Three Models for Putting Central Bank Money on Blockchain
(34 days ago) · 1 source · Summarized by CryptoBipto
The European Central Bank has outlined three potential models for making central bank money available on blockchain networks. The initiative reflects the ECB's ongoing exploration of how distributed ledger technology could be integrated into the existing financial system. Details of the three models and their respective trade-offs were presented as part of the ECB's broader digital currency research efforts.
WHY IT MATTERS
Central bank money is the money issued directly by a country's central bank — think of it as the most official and trusted form of currency in an economy.
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SOURCES
- theblock.co
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