TechFlow news, February 20 — According to Bloomberg, the European Central Bank (ECB) plans to build a blockchain-based payment system that will allow financial institutions to settle transactions using central bank money, laying the foundation for the launch of a wholesale central bank digital currency (CBDC).
Piero Cipollone, member of the ECB's Executive Board, stated on February 20 that the initiative would enhance the efficiency of Europe's financial markets through innovation.




