The ECB’s plans to build a payments system on distributed-ledger technology could lead to the issuance of a digital euro.

The European Central Bank (ECB) is ramping up the development of a wholesale CBDC initiative for transaction settlement between institutions.

The European Central Bank reported another record annual loss on Thursday and said further, though somewhat smaller, losses were still possible as it pays out billions of euros to banks.

The president of the German central bank is advocating for a central bank digital currency (CBDC), according to a report.