In my view, the Eurosystem should further investigate the potential of such solutions. To promote innovations like these, we have strengthened our cooperation with central banks and other institutions.
As part of a joint effort with our friends from the Banque de France and the ECB, the Bundesbank is setting up one of seven BIS Innovation Hubs as a Eurosystem Hub in Paris and Frankfurt. This will allow us to work together with central bank experts from all over the world.