European Central Bank chooses Amazon and 4 other firms to prototype digital e...
The five fintech, payments and e-commerce firms will create front-end prototypes for the digital euro, which will not be used in later phases of the CBDC project. The European Central Bank, or ECB, has announced it will be collaborating with five companies for the development of potential digital euro user interfaces.In a Friday announcement, the ECB said it had chosen "Big Four" tech company Amazon, fintech firm Nexi, Spanish digital bank CaixaBank, French payments platform Worldline and the European Payments Initiative, or EPI, to each focus on developing a prototype based on specific....
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The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital euro. Amazon has been chosen to focus on e-commerce payments. ECB Collaborates With 5 Companies on Digital Euro The European Central Bank (ECB) announced Friday that it will collaborate with five companies “to develop potential user interfaces” for a digital euro. The ECB explained: The aim of this prototyping exercise is to test how well the technology behind a digital euro....
Amazon, the American multinational technology company, has been chosen by the European Central Bank (ECB) alongside four other companies to provide assistance in developing user interfaces intended for a digital Euro. Regarded as one of the most influential economic and cultural forces in the world, Amazon will help in putting up interfaces that focus on […]
The ECB’s two-year investigative phase is halfway completed, with key use and policy issues clarified; more stakeholder engagement is planned before the decision is made to proceed. The European Central Bank (ECB) Eurosystem digital euro project’s two-year investigative phase has reached its halfway point. The ECB published a progress report Sept. 29 that looked at design and policy issues that are under consideration or have been decided.The report said commerce in physical stores and online is the biggest use case for a euro central bank digital currency (CBDC). Currently, most digital....
German central bank, Deutsche Bundesbank, which is also the most influential member of the European System of Central Banks ESCB due to its strength and former size, announced the unveiling of a functional prototype of a Blockchain technology-based settlement of securities. Jointly presented with Deutsche Börse, the marketplace for the trading of shares and other securities, the prototype is the first result of a collaborative research project between the two institutions that is based on a conceptual study and not market-ready. Designed to provide the technical functionality for the....
President of the European Central Bank Christine Lagarde took to Twitter earlier to announce that the European Central Bank has decided to move up the investigation phase for the euro digital currency. The tweet comes in response to a tweet from the European Central Bank official Twitter handle, announcing that the institution would launch a […]