back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

The Italian Banking Association launches experimental digital euro project

By Megha Bhattacharya

December 23, 2020

  • Europe
  • Italian Banking Association
Share

digital euroThe Italian Banking Association (ABI) has announced that it has started experimentation with the digital euro. The project is conducted in collaborated with  ABI Lab and other banks. The collaborative project aims to demonstrate the technical feasibility of a digital euro based on blockchain Distributed Ledger Technology (DLT). It is expected to boost the role of banks in the European Central Bank’s digital euro environment.

According to ABI, the experimentation project will explore the areas involving the infrastructure and distribution model as well as programmability for testing with use cases. Part of the experimentation will be carried out in partnership with SIA and the ABI Lab Chain banking infrastructure. The second work area will be divided into several working groups that will focus on use cases and will work in collaboration with the banks and NTT Data, PWC and Reply, which have made their resources available to the project.

The European Central Bank has conducted an in-depth study on the digital euro prepared by the Eurosystem’s High-Level Task Force on Central Bank Digital Currency (HLTF-CBDC) and approved by the Governing Council. This includes the publication of the “Report on a digital euro”. The organisation states that the launch of the digital euro will enhance support for the digitisation of the European economy, help in moving away from cash use as a means of payment and respond to the rising use of digital currencies issued by private entities or by central banks in other countries.

Previous Article

December 23, 2020

Save partners with Mastercard to launch Save Debit Invest Card, matches spending with investments

Read More
Next Article

December 23, 2020

Plastiq announces Cash Payments & significant growth in the second half of 2020

Read More










IBSi Daily News Analysis

5G, India, Telecom

August 09, 2022

Europe

The 5G race has begun in India; how will it affect payments?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

KeyBank selects BlueSnap for expanded payment gateway options

Read More

Today

iDenfy collaborates with Peccala to prevent its customers from fraud

Read More

Today

Intellect GCB and VMware India announce strategic partnership

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022