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ECB Unveils Blockchain Strategy to Reshape Europe’s Financial System

  • The ECB has introduced two blockchain programs, Pontes and Appia, to incorporate DLT into payment and settlement infrastructure in Europe.
  • Pontes focuses on connecting blockchain platforms with the ECB's payment network, TARGET, with a pilot phase starting in late 2026, while Appia aims at broader digital currency applications and global interoperability.
  • These programs are a result of ECB's 2024 research on using DLT for settling wholesale central bank money, showing benefits like faster transactions, cost reductions, and lower credit risks.
  • The ECB's blockchain strategy aims to drive innovation while ensuring financial stability, potentially influencing other central banks to adopt similar technology, positioning Europe as a blockchain integration leader.

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