I am referring to the price differential that continues to exist between cross-border retail payments within the euro area and those within individual Member States. Like the cash changeover, this is another area where the banking community has a crucial role to play in securing the full benefits of the common currency. I appreciate that this also represents a substantial task.
It is a privilege that we shall, across the days, hear and learn from the most respected authorities worldwide all that needs to be understood on one of the most intriguing yet promising technological breakthroughs… I am referring to blockchain… Ladies and gentlemen, blockchain technology has tremendous potential to positively impact the social and economic landscapes. Its attributes are several.