The European Central Bank is building a proof of concept that will allow users to make anonymous transactions.

The proof of concept will be enabled for transactions of small amounts using a CBDC fast and cheaper also anonymous.

For transactions of high values will need to pass for an Anti Money Laundering compliance.

ECB developing the concept is giving partially anonymity for lower transactions and higher won't have this kind of privacy in a possible Central Bank Digital Currency.  

The proof of concept is being developed in the DLT Platform Corda and is already proving that is possible to use simplified Central Bank Digital currency safeguarding the users identities privacy for small transactions.

European Central Bank is favorable to an digital currency and  could join to the Blockchain revolution if the third parties fail to provide faster and cheapest ways of payment.

All this Developments are proving that ECB is preparing to adopt a CBDC.

Republished Article Original Found At Uptrennd Platform From My Authorship Here.