Amazon will work with the ECB to develop a prototype of the digital euro
The bank’s partners also include financial companies CaixaBank, Worldline, and Nexi
17.09.2022 - 06:45
343
1 min
0
What’s new? The European Central Bank (ECB) has named partners to work jointly on the digital euro prototype. According to The Block, they include Amazon, which will be responsible for developing electronic payments as part of the project. Spanish bank CaixaBank will develop online peer-to-peer payments for its mobile app, while French payment service Worldline will be responsible for the offline version of the digital euro. Italian company Nexi will set up point-of-sale payments.
What else is known about the initiative? The ECB began searching for partners at the end of April and received 54 requests from representatives of national banks and multinational tech companies. The four companies were chosen based on “specific capabilities” that set them apart from other candidates, regulators said.
Training and discussions of the design are due to end in late December 2022. And by 2023, the ECB plans to introduce ready-made prototypes of the digital euro.
In August, the ECB announced the release of a document on crypto regulation. The regulator explained that banks are increasingly considering whether to offer crypto products to their customers, and the ECB’s role is to “ensure they do so safely and soundly.” In this, the ECB works closely with national regulators “to ensure a consistent approach and high standards.”
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 717
BTC
+4.46%
-
Ethereum
$3 337.78
ETH
+9.19%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.36
XRP
+24.29%
-
Dogecoin
$0.398267
DOGE
+6.67%
-
Cardano
$0.871044
ADA
+12.83%
-
Bitcoin Cash
$489.17
BCH
+12.89%
-
Polkadot
$6.14
DOT
+11.42%
-
Stellar XLM
$0.276832
XLM
+15.16%
-
Litecoin
$90.14
LTC
+8.98%