#WalletActivityInsights The European Central Bank (ECB) is developing a payment system based on distributed ledger technology (DLT), initially to link with the current RTGS system (TARGET). They will then explore a long-term solution for payments using “central bank money” on the blockchain, aiming for a digital euro (CBDC).

According to Piero Cipollone, this initiative helps improve the efficiency of European financial markets. The project will start in 2021, when the ECB will study the design and distribution of the digital euro.