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ECB Plans Crypto Ledger Technology as CBDCs Advance: Choose Best Wallet Custody Instead

  • The European Central Bank (ECB) plans to leverage distributed ledger technology (DLT) for financial settlement as part of its efforts to modernize the Eurozone's financial infrastructure.
  • The ECB's dual-track strategy involves 'Pontes' for short-term improvements in efficiency and security within the current financial system, and 'Appia' for a more innovative and integrated financial ecosystem in the long run.
  • While central banks, including the ECB, are progressing on Central Bank Digital Currencies (CBDCs), concerns about privacy and control have surfaced, contrasting such currencies with self-custody solutions like Best Wallet.
  • Best Wallet, a non-custodial platform, offers users control over their financial transactions, avoiding centralized control and privacy issues associated with CBDCs, with additional benefits like reduced fees and early access to crypto presales by holding the Best Wallet Token ($BEST).

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