ECB says its payment system better than Blockchain

Latest technology: The ECB this week held a conference on its new settlement technology that garnered rather more excitement than might usually be the case regarding topics of financial plumbing. — Reuters

FRANKFURT: The technology behind cryptocurrencies has been hyped as making payments fast, and secure and easy. European Central Bank (ECB) executive board member Yves Mersch says he can do even better.

The ECB is getting ready to launch its new settlement system, known as TIPS, in November.