Euro Banking Association (EBA) Reports on Bitcoin Benefits
If you are building a car, and you either want the car to be faster or more efficient than ever before, you can do one of two things to it. You can increase the power of the car to make it faster (or lower the power rating to make it more efficient.) Or you can reduce the weight of the car, which usually helps both speed and efficiency. This cause-and-effect approach works throughout many operating systems. People, or athletes, can also be tweaked in this fashion to become faster, or more efficient, or both. Banks can also be trained to be better in this fashion, and organizations like the....
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The Euro Banking Association (EBA) has published two reports on Digital Customer Service Interfaces (DCSI) and crypto-technologies, with the intention of detailing the electronic payments landscape of the future. The reports have been announced at the EBAday payments conference in Amsterdam, Finextra reports. The Euro Banking Association is a practitioners' body for banks and other service providers supporting a pan-European vision for payments, with membership including more than 180 institutions from across Europe and beyond. Its mission is to provide payment professionals with a....
The Euro Banking Association released its crypto-technology report, which discussed a few recent bitcoin issues. The group is a practitioners' body for banks and other service providers supporting a pan-European vision for payments, with membership including more than 180 institutions from across Europe and beyond. The two reports on Digital Customer Service Interfaces (DCSI) and crypto-technologies were produced by the EBA's Working Group on Electronic Alternative Payments. Its goal is to help financial institutions adapt to the changing payments landscape. Bitcoin Issues Covered.....
The Italian Banking Association, ABI, is conducting digital euro tests as the European Central Bank is yet to make a clear decision on a central bank digital currency. The Italian Banking Association, or ABI, has affirmed its support for the implementation of a sovereign European digital currency by beginning pilot studies on a digital euro project.According to an announcement, the association is working with its research and development arm, ABI Lab, and commercial banks in the country to develop an experimental digital euro.The ABI’s digital euro study will reportedly focus on two major....
As cryptocurrencies grow in popularity, they will continue to threaten revenue streams of the traditional banking system, according to a new report from the British Banking Association (BBA). A section of The Digital Disruption: UK Banking Report looks specifically at cryptocurrencies and the impact they have already had, and will continue to have, on people's perceptions of monetary transfer.
The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone? The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion.Despite this success of dollar-based stablecoins, there has not been a euro stablecoin that is even remotely comparable in size. By the end of June, the....