Facebook’s Libra Forces European Banks to Sit Up & Realize They Need to Evolve20

According to a recent report by Reuters, commercial banks in Europe are said to be working on a system to help optimize their payment processing. According to the report, there has been support for real-time instant payment processing for customers for a while now, but only a small percentage of EU banks had complied with the initiative.

However, given the fact that Facebook is gearing up to launch its stablecoin, banks have chosen to step up and implement the payment processing system.

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