/biz/ - Business & Finance

[Anonymous No.57083212]

Mary christmas frens

The investigation phase has revealed that a potential retail CBDC will be based on a centralised infrastructure, hosted by the ECB, therefore Blockchain technology will most likely not be used. The Eurosystem has, however, experimented with an innovative token-based backend infrastructure which could allow digital Euros to be token-based and hence similar to physical cash which is also not account-based. The ECB has stated that transactions must be free for end-users. It will, however, be possible for intermediaries who process transactions to generate revenue. This will be achieved through merchant fees for the acquirer and interchange fees for the issuing bank.