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The Future of Payments in a DLT-Based European Economy: A Roadmap

In: The Future of Financial Systems in the Digital Age

Author

Listed:
  • Alexander Bechtel

    (University of St. Gallen)

  • Agata Ferreira

    (Warsaw University of Technology)

  • Jonas Gross

    (Frankfurt School Blockchain Center)

  • Philipp Sandner

    (Frankfurt School Blockchain Center)

Abstract

Distributed ledger technology (DLT) hasDistributed ledger technologies (DLTs) the potential to address long-standing industrial challenges, remove frictions, build trust, and unlock new value across businesses and industries. It enables decentralization, the immutability of data, transparency, and the automation of business processes. Thereby, it creates a multitude of use cases ranging from energy and manufacturing to mobility and logistics. However, a digitized economy based on DLT can flourish only if it does not merely enable the exchange of assets, goods, and services but also the exchange of money. In other words, there is a need for a payment solution that is compatible with DLT-based decentralized networks and enables transactions denominated in euro. This is particulary relevant in the currently evolving geopolitical environment.

Suggested Citation

  • Alexander Bechtel & Agata Ferreira & Jonas Gross & Philipp Sandner, 2022. "The Future of Payments in a DLT-Based European Economy: A Roadmap," Perspectives in Law, Business and Innovation, in: Markus Heckel & Franz Waldenberger (ed.), The Future of Financial Systems in the Digital Age, pages 89-116, Springer.
    • Handle: RePEc:spr:perchp:978-981-16-7830-1_6
    DOI: 10.1007/978-981-16-7830-1_6
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