After France, another European country experimenting with a digital euro is Italy.

announced The Italian Banks Association (ABI) said last Thursday that its banks were ready to test the digital euro.

The ABI Association, which consists of more than 700 Italian banking institutions, has expressed its desire to help accelerate the implementation of the digital currency backed by the European Central Bank (ECB) by participating in related projects and experiments.

Last year, the ABI established a working group to research cryptocurrency.

The ABI has published a set of considerations for the new digital euro to be piloted, including monetary stability and full compliance with the European regulatory framework, which are seen as a matter of highest priority.

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ABI also outlined its second plan of integrating blockchain technology into Italian banks, with reference to the Spunta project.

As this project is an initiative of ABI Laboratories to integrate blockchain technology into the banking system and speed up the processing of interbank transactions.

According to the ABI, the digital euro will lead to future innovations of the traditional banking system such as P2P transactions, machine-to-machine transactions and the ability to manage exchange rate and interest rate risks thanks to the programmable capabilities of digital currencies.

Among the ABI publication:

Programmable digital currency represents an innovation in the financial field as it has the ability to profoundly revolutionize the way money and exchange work.

It also gives the ability to achieve profound transformation with potential added value, particularly in terms of efficient operations and management.

And it’s not just France and Italy that are working on a digital euro trial as the Dutch central bank announced earlier that the Netherlands is ready to try a digital euro.

While Bundesbank President Jens Weidmann warned in a speech about digital currencies and how their diversification could harm the stability of eurozone financial systems, later in the statement, the German Banking Association issued an announcement calling for a programmable digital euro.

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