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
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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:
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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
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