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News

ECB Announces 5 Partners To Help Develop CBDC

September 17, 2022 - Around 2 mins mins to read
The European Central Bank (ECB) will work with five firms to create future digital euro user interfaces.
image 1328

The European Central Bank (ECB) has announced five partners, selected from 54 potential candidates, that will help them develop a CBDC or central bank digital currency.

Specifically, the 5 candidates are:

  • Peer-to-peer online payments – CaixaBank;
  • Peer-to-peer offline payments – Worldline;
  • Point of sale payments initiated by the payer – EPI;
  • Point of sale payments initiated by the payee – Nexi;
  • E-commerce payments – Amazon.

The ECB started talking to partners by phone at the end of April and received 54 invitations to cooperate from multinational banks and technology companies. They will start deploying the task from here to the end of December, serving a two-year plan, expected to be completed in March 2023.

image 1329

While still skeptical of cryptocurrencies and openly opposed to Proof-of-Work, DeFi, and stablecoins, the ECB is actively working on a digital euro that is supposed to be more energy-efficient than Bitcoin.

In the latest guidance on the cryptocurrency regulatory framework, US officials claim to be getting closer to testing CBDCs.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

#Bitcoin

Amazon

CaixaBank

CBDC

crypto

ECB

EPI

Nexi

Worldline

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

ECB Announces 5 Partners To Help Develop CBDC

The European Central Bank (ECB) will work with five firms to create future digital euro user interfaces.
image 1328

The European Central Bank (ECB) has announced five partners, selected from 54 potential candidates, that will help them develop a CBDC or central bank digital currency.

Specifically, the 5 candidates are:

  • Peer-to-peer online payments – CaixaBank;
  • Peer-to-peer offline payments – Worldline;
  • Point of sale payments initiated by the payer – EPI;
  • Point of sale payments initiated by the payee – Nexi;
  • E-commerce payments – Amazon.

The ECB started talking to partners by phone at the end of April and received 54 invitations to cooperate from multinational banks and technology companies. They will start deploying the task from here to the end of December, serving a two-year plan, expected to be completed in March 2023.

image 1329

While still skeptical of cryptocurrencies and openly opposed to Proof-of-Work, DeFi, and stablecoins, the ECB is actively working on a digital euro that is supposed to be more energy-efficient than Bitcoin.

In the latest guidance on the cryptocurrency regulatory framework, US officials claim to be getting closer to testing CBDCs.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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