The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Much is written about revolutionary developments in payments, but the reality of progress in such a complex area is that it is often evolutionary. Legislators, regulators, and industry.
Funds transfers between banks in the EU are effected through De Nederlandsche Bank (DNB) and the other central banks using a dedicated payment system: TARGET2