TechFlow News, May 5: According to a Cointelegraph report, the Bank of Italy is urging the European Union to consider building a tokenized version of the SEPA payment system to keep pace with financial innovation.
SEPA—the Single Euro Payments Area—aims to unify cross-border payment standards within the eurozone. The Bank of Italy believes that, as tokenization and blockchain-based payments advance, the EU must assess pathways for upgrading its existing payment infrastructure.
Add to Favorites
Share to Social Media
