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(Kitco News) - According to Fabio Panetta, an executive ECB board member, the European Central Bank (ECB) is reportedly evaluating its options for integrating distributed ledger technology (DLT) into existing payment settlement systems.
Panetta's comments came during a Monday speech at a Frankfurt symposium dedicated to the topic of settlements.
The need to focus on DLT comes as "Technologies and preferences are changing, and preserving the role of central bank money as a safe asset at the heart of the system remains key," according to Panetta.
A major portion of the executive board member's speech was dedicated to defining and describing the term wholesale CBDC, which "refers to the settlement of interbank transfers and related wholesale transactions in central bank reserves."
According to Panetta,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...