Share this article
Germany's Central Bank: Consumers Won't Use Blockchain for Payments
Germany's central bank has published a new blockchain research paper.
By Stan Higgins
Updated Sep 13, 2021, 6:57 a.m. Published Sep 21, 2017, 3:00 p.m.
Germany's central bank has published a new research paper centered on distributed ledger tech (DLT), exploring its use for payments, securities settlement and more.
Researchers from the Deutsche Bundesbank wrote in the paper that the tech "offers a number of benefits on account of the distributed storage of data" – highlighting both the potential opportunities as well as some of the practical challenges any application might create.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In an English-language explainer published alongside the paper (the original version is in German only), the German central bank noted that it doesn't see much of a role for the tech in consumer payments, arguing:
"The Bundesbank’s experts see little prospect of DLT being put to widespread use in the field of individual and retail payments given the current state of the art. Particularly for payments within the euro area, they argue, the systems in operation have already been optimised for fast transfers and require a minimum of reconciliation, besides being able to process millions of transactions with ease every day."
That said, the Bundesbank's researchers went on to say that they see a potentially wider role in instances in which users have to send their funds through multiple intermediaries.
"International payments are very frequently settled via correspondent banking networks – where one bank has a business relationship with another credit institution operating inside the currency area with which it intends to settle payments," the researchers wrote. "For payments like this, DLT could streamline a number of process steps and offer faster and cheaper settlement for end users."
The central bank strikes a more cautious note about applications in the area of securities settlement. This is notable, given that the Bundesbank had previously undertaken a blockchain-based securities trading trial with exchange operator Deutsche Börse.
According to the central bank, it is "still unclear whether DLT also has the edge over today’s technology in terms of security, efficiency, costs and speed."
Image Credit: Oscity / Shutterstock.com
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
Ano ang dapat malaman:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
