The European Central Bank (ECB) is working on a new way to use cryptocurrency technology! Imagine a super-secure digital notebook shared by many banks. That's kind of what blockchain is. The ECB wants to use this to make money transfers faster and easier across Europe.
- The ECB is exploring blockchain technology, which is like a special digital record book.
- They want to use it to make moving money between banks quicker and safer.
- This will help improve how money moves around Europe.
| What's happening | Details |
|---|---|
| ECB's goal | Improve money transfers in Europe |
| Technology used | Blockchain (like a shared digital notebook) |
| Timeline | Details to be announced later |
