Blockchain is gradually being used by major banks for real, guys.
The European Central Bank (ECB) has just put Pontes into operation. Simply put, it’s a bridge that allows financial assets that are placed on the blockchain to be settled using central bank money.
It sounds a bit complicated, but you can understand it like this: before, blockchain was mainly known thanks to Bitcoin, Ethereum, and crypto. Now, financial institutions are trying to use that same technology for stocks, bonds, and other traditional assets.
What’s notable isn’t that the ECB is buying crypto, but that the technology behind crypto is starting to be genuinely adopted by the traditional financial system.
The European Central Bank (ECB) has just put Pontes into operation. Simply put, it’s a bridge that allows financial assets that are placed on the blockchain to be settled using central bank money.
It sounds a bit complicated, but you can understand it like this: before, blockchain was mainly known thanks to Bitcoin, Ethereum, and crypto. Now, financial institutions are trying to use that same technology for stocks, bonds, and other traditional assets.
What’s notable isn’t that the ECB is buying crypto, but that the technology behind crypto is starting to be genuinely adopted by the traditional financial system.
