Final settlement in central bank money
Payments between institutions are to settle across the Bank’s books, finally and irrevocably. Settlement in central bank money removes the risk that one party fails before a payment completes.
Payments that settle.
Safe, final and efficient payment is a core function of a central bank.
Three pillars
Aletheia StableChain
The State’s settlement ledger, intended to carry the Guilder in digital form and to keep a public record. It is designed for fast finality and an open, verifiable history.
Standards for payment systems
The Bank will publish the standards that systems handling the Guilder are expected to meet, in line with the principles followed by central banks internationally.
One record, open to inspection
Issuance in digital form is intended to be recorded on Aletheia StableChain, so that the register of the Guilder can be checked by anyone.
For people and businesses
A good payment system is one that nobody has to think about.
Wages arrive on time, bills are paid in seconds, and a shop can accept payment as easily from a visitor as from a neighbour. The Bank intends to foster payments that are instant, low in cost and open to every provider that meets its standards, with cash remaining available for those who prefer it.