Qivalis is the name of the consortium of 10 European banks, including CaixaBank, that will launch their own digital currency during the second half of next year. Specifically, a stablecoinThat is, a digital currency linked in this case to the euro. stablecoin It will allow for near-instantaneous, low-cost payments and settlements, available 24/7, including cross-border transactions, improved supply chain management, and settlement of digital assets such as securities and cryptocurrencies.

CaixaBank will launch a cryptocurrency next year along with eight other European banks. The new digital currency will fall into the category of stablecoins, which, unlike Bitcoin and Ether, among others, avoid volatility and variability by being linked to stable assets. In this case, in which the Catalan financial institution creates a consortium based in the Netherlands together with ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB and Raiffeisen Bank, the reference currency will be the euro. The plan is expected to be operational next year.