The ECB Podcast – Innovation in payments: Libra, blockchain and crypto-assets

The implications of crypto-assets, emerging payment technologies and Facebook’s plans to create a global digital currency, Libra – discussed by our host, Michael Steen, and guests, Dirk Bullmann, Maria Teresa Chimienti, and ECB Executive Board member Benoît Cœuré.

Published on 30 September 2019 and recorded on 6 and 9 September 2019..

In this episode:

(01:03) Benoît Cœuré
The big picture: what is money, why is there a demand for digital currencies and what is the role of central banks in this field?

(11:47) Maria Teresa Chimienti
Getting technical: what are crypto-assets, what makes Facebook’s Libra different, and why is it important for central banks to research these phenomena?

(17:32) Dirk Bullmann
Talking innovation: what is blockchain and DLT, why are they so fascinating and how does innovation at the ECB help make payments instant?

Further reading:

Explainer: What is money?

Explainer: What is bitcoin?


Steve Rich's Exciting New Book: A Journey into the World of Forex Trading!


Explainer: How could new technology transform financial markets?

Research – special feature: Distributed Ledger Technology (e.g. blockchain)

Research – Occasional Paper: Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures

Research – Economic Bulletin Article: Understanding the crypto-asset phenomenon, its risks and measurement issues

European Central Bank website

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The views expressed are those of the speakers and not necessarily those of the European Central Bank.