10 Hrs
Source:
الاقتصادية
ECB launches blockchain financing
The European Central Bank has launched a new platform allowing banks and investors to settle financial transactions using blockchain technology and the bank-backed euro, with the aim of improving the speed and efficiency of operations and reducing reliance on traditional systems. The initial group of users includes major banks such as Deutsche Bank and Santander, and the services will be expanded gradually. Additionally, the bank announced an investment of part of its €23 billion fund in digital securities based on blockchain, in a move aligned with global central banks' efforts to promote the use of the technology in financial markets, as well as the development of the digital euro intended for consumer use, which is expected to be launched in 2029.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)