While the reserves are us stations only monitor the risks posed by the Bitcoin to the banking system already established, their counterparts on the other side of the Atlantic are already preparing to compete with the crypto-currency is the most popular in the world. A top official of the Bank central european (ECB) has called on commercial banks to implement new solutions that, in its opinion, will put a brake on the rapid growth and popularity of Bitcoin among users. A task that is not as simple given the divergences within the european Union on this subject.
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The ECB calls for the implementation of a system of instant payments
“Banks are required to implement a transaction system instant as soon as possible and provide an explanation alternative to the ongoing public debate on the potential innovation that truly represent the crypto-currencies “, said the director of the ECB, Yves Mersch, at a meeting in Rome. This supposed alternative to Bitcoin could be part of an attack to two components of the ECB against the crypto-currencies. Moreover, we already know that the ECB is engaging in “legal restrictions” against the users of crypto-currencies in the areas under its jurisdiction. The successive runs of the price during this year and the adoption of widespread financial of Bitcoin are viewed by some experts as a direct challenge to the central banks across Europe.
Always looking for alternatives
The director of the ECB, which was proposed in January a model for a digital currency issued by the central bank, has indicated that the time is not yet ripe for such an innovation. Focusing strictly on the applications of cash digital by the commercial banks, offering instant transactions, and a service available 24h/24 and 7j/7, Mersch goes against a recent trend among the central bankers in Europe. The Riksbank of sweden and the Bank of England have revealed that they are studying their options for the crypto-currency national or alternatives to technology-based Blockchain.
Source : News.Bitcoin