The European Central Bank (ECB) is calling for partners to participate in trials for conditional payments using a central bank digital currency (CBDC) simulation starting in 2025. The ECB is also seeking collaborators to explore tokenization and other innovative use cases. The digital euro aims to be a secure and universally accepted form of payment that addresses issues such as fragmented payment systems and reliance on non-European entities for digital payments. Tokenization, which involves representing assets on blockchains, offers benefits such as improved transparency, traceability, settlement times, liquidity, and security. Central banks worldwide are increasingly embracing blockchain technology, digital currencies, and tokenization.
- Content Editor ( coingeek.com )
- 2024-11-12
Digital euro payments trials set for 2025: ECB