The Bank of Italy urges the EU to consider building a tokenized version of the SEPA payment system
According to ChainCatcher, Cointelegraph reports that the Bank of Italy is urging the European Union to consider building a tokenized version of the SEPA payment system to keep pace with financial innovation.
SEPA, or the Single Euro Payments Area, aims to unify cross-border payment standards within the eurozone. The Bank of Italy believes that as tokenization and blockchain payments develop, it is necessary for the EU to evaluate upgrade paths for existing payment infrastructure.
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