In this context, the Bank of Italy is currently cooperating with the ECB and the euroarea national central banks to assess the potential of TIPS as a possible technical solution for a digital euro.
Indeed, with its speed, cost-efficiency and high scalability, TIPS is best placed to meet the basic requirements laid down by the Eurosystem for a digital euro,5 allowing the processing of one billion transactions per day and the management of hundreds of millions of accounts. Important innovations are under way in TIPS.