ECB’s Yves Mersch Labels Blockchain an Inferior Payment System

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TheMerkle Blockchain Euro SettlementThere is a genuine global interest in blockchain technology right now. That is only normal, as distributed ledgers will transform many businesses in the coming years. European Central Bank executive board member Yves Mersch is not too impressed by this technology. In fact, he claims the new euro settlement technology will outclass blockchain as a payment system. It’s an interesting statement, but only time will tell if he is right or not. The Euro Settlement System Gets an Update In the world of traditional finance, legacy systems are often slow and outdated. This is no different in the European Union at this

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