Central Banking

DLT not ready for retail payments – Bundesbank

bundesbank

There is “little prospect” of distributed ledger technology being put into widespread use in the field of retail payments in its current state, the Deutsche Bundesbank has concluded.

“The systems in operation have already been optimised for fast transfers and require a minimum of reconciliation, besides being able to process millions of transactions with ease every day,” the German central bank says.

The Bundesbank’s findings form part of an analysis that examines whether DLT holds any promise

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