#ecbtotestaiagentsindigitaleuropayments ECB JUST LAUNCHED ITS "DIGITAL EURO
" FOR BANKS — XRP IS ALREADY THERE
The European Central Bank has just taken an important step toward bringing the
digital euro
into tokenized financial markets. The Eurosystem has launched Pontes, a new settlement service connecting distributed-ledger-based financial infrastructure with TARGET Services, allowing tokenized financial assets to settle directly against euro central bank money.
ECB President Christine Lagarde described it in simple terms as "making digital euro available for banks," signaling that the wholesale use of digital central bank money is advancing ahead of the retail digital euro, which has yet to be deployed at scale for everyday consumer payments.
Project Pontes concerns the wholesale side of the monetary system, where banks and financial institutions need central bank money to settle transactions involving securities, bonds and other financial assets.
TARGET is basically the Eurosystem's backbone for settling payments in central bank money, similar in role to Fedwire in the United States. It is where banks and financial institutions ultimately settle large euro transactions using money held at the central bank.
Now that we understand these basic concepts, an important question emerges: what does any of this$ROSE $CSOPSAMSUNG2L $TRIA
" FOR BANKS — XRP IS ALREADY THERE
The European Central Bank has just taken an important step toward bringing the
digital euro
into tokenized financial markets. The Eurosystem has launched Pontes, a new settlement service connecting distributed-ledger-based financial infrastructure with TARGET Services, allowing tokenized financial assets to settle directly against euro central bank money.
ECB President Christine Lagarde described it in simple terms as "making digital euro available for banks," signaling that the wholesale use of digital central bank money is advancing ahead of the retail digital euro, which has yet to be deployed at scale for everyday consumer payments.
Project Pontes concerns the wholesale side of the monetary system, where banks and financial institutions need central bank money to settle transactions involving securities, bonds and other financial assets.
TARGET is basically the Eurosystem's backbone for settling payments in central bank money, similar in role to Fedwire in the United States. It is where banks and financial institutions ultimately settle large euro transactions using money held at the central bank.
Now that we understand these basic concepts, an important question emerges: what does any of this$ROSE $CSOPSAMSUNG2L $TRIA
