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§ 03.4 Innovation

Innovation.

§ 03.4.1 Approach

Modern foundations

A new financial system can be built on modern foundations from the first day.

The Bank intends to welcome responsible innovation in payments and financial services, and to hold it to the same standards of safety and fairness as everything else.

§ 03.4.2 Areas

Where we look

Digital money
The digital Guilder on Aletheia StableChain, issued only by the Bank.
Payments
Instant, low-cost payments between people and businesses.
Open records
Public ledgers that let anyone check what has been issued.
Engagement
A channel for innovators to discuss new services with the Bank, to be published here.

§ 03.4.3 Safeguards

Safety first

Innovation and safety go together.

New services that hold or move the public’s money must protect it: clear terms, sound security, honest marketing and a way to complain. The Bank intends to hold every provider to the same standards, whatever the technology.