Yesterday the European Central Bank (ECB) opened a call to payment industry experts for digital euro use case ideas around programmable money for retail payments. It is also canvassing for input on standards and the back-end IT architecture needed.
There’s a short timeframe with submissions needed by November 18.
It’s not the only central bank exploring programmable money applications. The Monetary Authority of Singapore (MAS) launched experiments for purpose bound money, restricting digital currency usage for government purposes or applications defined in smart contracts for commercial electronic vouchers.
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