Digital Dollar Dominance Is a Euro Call to Arms
UniCredit Bank
European finance is teeming with blockchain experiments once more. Bank network SWIFT is launching a distributed ledger plan. Nine banks including ING Groep NV and Unicredit SpA are readying a euro-denominated stablecoin. A digital euro issued by the European Central Bank is inching closer to reality, as is interbank settlement on the blockchain. The battle-weary “Bitcoin bad, blockchain good” class of 2015 may be forgiven for thinking it’s fallen into H.G. Wells’s time machine.
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