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Mr CourĂ© recently praised an initiative by about 20 large European banks including BNP Paribas and Deutsche Bank to create a new digital payments system — dubbed the Pan European Payment System Initiative, or Pepsi. The idea is to enable instant cashless payments through a European rival to ApplePay in the US and Alipay in China [but] the project is becoming bogged down with competition authorities in Brussels for being too much of a closed shop.
(1) Central bank talk of launching cryptocurrencies is all bluff | Financial Times:
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