ECB Executive Board Member: Blockchain Tech a Game Changer
Is the hype over distributed ledger technology (DLT) overblown? Not according to Yves Mersch, a member of the European Central Bank (ECB) executive board. Speaking to the Deutsche Bank Transaction Bankers’ Forum in Frankfurt yesterday, Mersch said in his prepared remarks that DLT might not be a panacea for the financial industry’s ailments, but it is certainly not just a flash in the pan. DLT, according to Mersch, could be a game changer. The chance for market infrastructures and financial intermediaries to share a blockchain is unprecedented. DLT has the potential to help certain actors....
Related News
Ripple and XRP could be among the biggest winners of a new executive order signed by US President Donald Trump this week. The order directs federal regulators to review whether crypto companies can access the country’s dollar payment system. This move could be a game-changer for XRP, as it would determine how digital asset firms […]
Distributed financial settlement solutions provider Ripple has announced the hire of Marcus Treacher, a veteran in transaction and payment systems banking. Treacher is a former executive at HSBC and member of the Global Board at SWIFT. In a press release, Ripple has announced a new hire in Marcus Treacher, as its new global head of strategic accounts. Treacher is an industry veteran with over 30 years of experience in payment systems and transaction banking. A former executive with a global leadership role at UK-based global bank HSBC for 12 years,Treacher also served as member of the....
The European Central Bank is engaged in “experimental work” on blockchain technology. As some banks have warned, the technology is still too new to know what real world uses it has. But, according to an ECB executive board member on Monday, the central bank is researching how the technology could apply to modern financial systems. Member of the Executive Board of the ECB, Yves Merch, confirmed the ECB is investigating blockchain technology and how it could be adopted by the euro zone’s central banks. “From a central bank perspective, in the context of our strategic reflections on the....
Just recently, a new study has been revealed using blockchain technology and the popular Parker Brothers board game Monopoly. In his study, Blocktech IVS founder and CEO Thorkild Grothe-Møller mixes innovative protocols with a classic board game that operates on the principles of basic economics. Using Blockchain Tech with Monopoly Gives Researcher’s....
Bitcoin Magazine would like to congratulate Jon Matonis on his new role of Executive Director of the Bitcoin Foundation. Jon Matonis has served as an advocate for the Bitcoin currency and a source of insight for cryptocurrencies and general matters of finance and politics. Prior to assuming his position as Executive Director, Jon Matonis served on the Board of Directors for the Bitcoin Foundation. He currently is a regular contributor to Forbes and is the editor of The Monetary Future economics blog and has not only a passion for but understanding of the ins and outs of the Bitcoin....