IBM proposes ideas for digital euro implementation
A group of IBM specialists has prepared some ideas regarding implementing the digital euro that the European Commission could consider. The tech consulting company highlighted five topics that could help design the digital currency. The five areas where the company focused on the draft were : Build on existing rails and provide enhancements for the digital euro. Extend PSD2(3) with a standard digital euro API for incumbents, FinTechs, and TPPs. Allow strong privacy for low-value proximity payments, independent of technical connectivity. Include a centrally governed distributed ledger as an enabler for digital processes, virtual worlds, and tokenized economies. Build the digital euro system by starting with a minimum viable digital euro within a sandbox. You might also like: Digital euro proposal from European Commission seeks universal approval The digital euro development The concept of a digital euro has been gaining traction in recent years as central banks wor...