ECB Picks 36 Firms for Digital Euro Pilot Ahead of 2029 Target
4 Articles
4 Articles
It is a seat of the Bank of Italy little known, just outside Rome, where has accumulated the great Italian experience in the field of payments
ECB Picks 36 Firms for Digital Euro Pilot Ahead of 2029 Target
The European Central Bank (ECB) has named 36 payment service providers for its digital euro pilot, kicking off a process that could culminate in a live CBDC launch by 2029. Deutsche Bank, Revolut Bank, Stripe, and UniCredit are among the selected cohort, confirmed in the ECB’s 14 July announcement. The 12-month pilot is scheduled to begin in the second half of 2027, with the ECB, 19 national central banks, and the private-sector participants all…
The digital euro is coming: step by step, until 2029. The aim is to make European payments more independent from US financial giants. Slowly the skepticism of the critics also deviates. By Jean-Marie Magro.
By Vincent ClairmontSept Italian establishments, five Germans, three Greeks, three Portuguese — and one French. The list of 36 payment service providers selected by the ECB on 14 July for the digital euro pilot, selected from over 50 applications, reserves a statistical anomaly that the French press has not commented on: the second economy of the euro area, one of the largest deposit collectors in the continent, is only included in it by BPCE. @…
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