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The Bank of Italy urges the European Union to consider building a tokenized version of the SEPA payment system
Mars Finance News, according to Cointelegraph, the Bank of Italy is urging the European Union to consider building a tokenized version of the SEPA payment system to keep up with financial innovation. SEPA, the Single Euro Payments Area, aims to unify cross-border payment standards within the Eurozone. The Bank of Italy believes that as tokenization and blockchain payments develop, the EU needs to assess upgrade paths for the existing payment infrastructure.