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Eurosystem Payments

Definition ∞ Eurosystem payments refer to the payment systems operated by the European Central Bank and the national central banks of the euro area. These systems facilitate the settlement of financial transactions within the Eurozone, ensuring the smooth flow of funds between banks and other financial institutions. Examples include TARGET2 for large-value payments and TIPS for instant payments. They are fundamental to the stability and efficiency of the European financial market.
Context ∞ In crypto news, Eurosystem payments are frequently mentioned in discussions about central bank digital currencies, particularly the digital euro. Reports often compare the potential benefits and challenges of a digital euro with existing Eurosystem payment rails, evaluating its impact on financial innovation, privacy, and monetary policy.

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European Central Bank Launches Dual-Track DLT Strategy for Wholesale Euro Settlement

The Eurosystem's DLT dual-track will integrate permissioned ledgers with TARGET Services, guaranteeing T+0 finality for tokenized assets using central bank money.