The Bank of Italy urges the EU to consider building a tokenized version of the SEPA payment system.
According to Cointelegraph, 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—the Single Euro Payments Area—aims to standardize cross-border payments within the eurozone. The Bank of Italy believes that, as tokenization and blockchain-based payments advance, the EU must assess pathways for upgrading its existing payment infrastructure.
