In a newly published press release the European Central Bank doubled down on its commitment to the integration of technologies that will benefit the end user.The statement noted that "The Eurosystem wants to support the use of innovative solutions in its market infrastructures while maintaining the safety and efficiency of TARGET Services.

The ECB’s plans to build a payments system on distributed-ledger technology could lead to the issuance of a digital euro.

The ECB is developing a blockchain-based payment system for financial institutions to settle transactions in central bank money.

Central banks’ growing adoption of DLT may influence cryptocurrency regulations and investor sentiment toward Bitcoin and Ethereum.

The European Central Bank wants to establish a blockchain-based payment system that allows financial institutions to settle transactions in central-bank money, a potential step toward introducing a wholesale central bank digital currency,