The European Central Bank (ECB) The board of directors has approved research efforts that will use the central bank money to settle the technology of the big book distributed (DLT) Transactions because the body seeks to make its payment systems more effective.
A short -term approach is called “pontes” which will connect DLT platforms with the Target Eurosystem services which guarantee the cash flow and titles across Europe. A pilot will be launched by the third quarter of 2026. A longer -term solution entitled “APPIA” will facilitate global operations and analyze the solutions based on the DLT, the position said on Tuesday.
“The decision complies with the commitment of the Eurosystem to support innovation without compromising the security and efficiency of financial market infrastructure,” said the press release.
The ECB has explored how to use DLT technology to stimulate payment regulations, which central banks around the world have examined. He carried out exploratory work on the wholesale money regulation of the central bank between May and November 2024. A report on the results of this work was also published on Tuesday which identified the DLT having advantages such as cost reduction and the fight against credit and settlement risks.
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