The Bank of Finland (BOF) is coordinating the creation of a Finnish instant payment solution compatible with European standards. Tuomas Välimäki, BOF board member and member of the Governing Council of the European Central Bank (ECB), made the announcement on Oct. 19.
Välimäki revealed that the Bank of Finland is actively promoting the development of new forms of payment. The official called the digital euro “the most topical project” in the European payment sector: