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Today in crypto, European Central Bank Executive Board member Piero Cipollone said private digital money cannot scale Europe’s tokenized markets on its own, Bitmine chairman Tom Lee has tipped an end to the “mini-crypto winter” impacting Ether, and Forrester said Stripe’s recently released Machine Payments Protocol could be a game-changer for automated AI transactions.
Tokenized deposits and stablecoins need tokenized central bank money as a public settlement anchor if Europe’s tokenized financial markets are to scale, Piero Cipollone, a member of the European Central Bank’s Executive Board, said on Monday.
Cipollone pointed to Pontes, the Eurosystem’s distributed ledger technology (DLT) settlement initiative, which is designed to connect market DLT platforms with the Eurosystem’s TARGET Services and provide settlement in central bank money.
