Wholesale CBDC is not a new concept, Panetta said. Eurosystem’s Target2 uses a centralized CBDC, strictly speaking. Target2 is a real-time gross settlement system in use since 2017 that also provides a securities settlement platform and an instant payment settlement service. Despite this, banks and financial market institutions continue to explore distributed ledger technology (DLT), Panetta said.
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Source: Cryptocurrency - investing.com
