by Summary:
On Friday the ECB launched, with minimal fanfare, a brand new system aimed at enabling banks to settle payments instantaneously across Europe, helping them to compete with PayPal and other global tech giants. Developed in little over a year, the ECB’s not-for-profit TARGET Instant Payment Settlement (TIPS) system will let people and businesses in Europe transfer euros to each other almost instantly, at extremely low cost, and irrespective of the opening hours of their local bank.... Wolf StreetECB Just Launched “Better Than Blockchain” Instant Payments System Don Quijones
Topics:
Mike Norman considers the following as important: blockchain, digital payments systems, ECB, PayPal, TARGET Instant Payment Settlement (TIPS) system
This could be interesting, too:
On Friday the ECB launched, with minimal fanfare, a brand new system aimed at enabling banks to settle payments instantaneously across Europe, helping them to compete with PayPal and other global tech giants. Developed in little over a year, the ECB’s not-for-profit TARGET Instant Payment Settlement (TIPS) system will let people and businesses in Europe transfer euros to each other almost instantly, at extremely low cost, and irrespective of the opening hours of their local bank.... Wolf StreetECB Just Launched “Better Than Blockchain” Instant Payments System Don Quijones
Topics:
Mike Norman considers the following as important: blockchain, digital payments systems, ECB, PayPal, TARGET Instant Payment Settlement (TIPS) system
This could be interesting, too:
Sergio Cesaratto writes The economic and social consequences of the war on Europe and Italy
WARREN MOSLER writes Europe’s debtors must pawn their gold for Eurobond Redemption
Jörg Bibow writes Otmar Issing Is Still Living in His Monetary Fantasy World
Sergio Cesaratto writes Maastricht: nessun prosecco
On Friday the ECB launched, with minimal fanfare, a brand new system aimed at enabling banks to settle payments instantaneously across Europe, helping them to compete with PayPal and other global tech giants. Developed in little over a year, the ECB’s not-for-profit TARGET Instant Payment Settlement (TIPS) system will let people and businesses in Europe transfer euros to each other almost instantly, at extremely low cost, and irrespective of the opening hours of their local bank....Wolf Street
ECB Just Launched “Better Than Blockchain” Instant Payments System
Don Quijones