ECB Board Member: Blockchain Could Disrupt Payments

ECB Board Member: Blockchain Could Disrupt Payments

Yves Mersch, member of the executive board of the European Central Bank (ECB), has said innovative new payments technologies like the blockchain have the potential to disrupt card-based payments. Mersch made his comments while addressing a Bank of France Conference in Paris on 18th January, in a speech titled 'Card payments in Europe – latest trends and challenges'. Discussing the emergence of innovative payment solutions, including distributed ledger technologies, the banker predicted they could 'impact payment behaviour and the usage of cards and other traditional payment instruments in....


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