European Central Bank's Innovations in CBDC Development with Zama
Friday, 12 July 2024, 13:01
European Central Bank's Innovations in CBDC Development with Zama
The European Central Bank (ECB) conducted experimentation with Zama to enhance liquidity matching for the region's Central Bank Digital Currency (CBDC), the digital euro.
Key Points:
- The ECB's collaboration with Zama focused on utilising blockchain and multiparty computation technologies.
- This initiative seeks to expand liquidity matching capabilities for the digital euro.
- Exploration aims to introduce innovative solutions to enhance liquidity management across major financial institutions.
The ECB's engagement with Zama underscores a strategic approach to embracing advanced technologies for optimizing liquidity matching processes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.