ECB Strikes Standard-Setting Deals to Ease Digital Euro Rollout

Gate News message, April 24 — The European Central Bank moved to minimize adoption costs and foster early coordination among stakeholders in its digital euro project, part of efforts to launch the currency this decade.

The ECB reached agreements with standard-setting organizations CPACE, nexo standards, and Berlin Group on Friday. These partnerships will support tap-to-pay payments, enable merchants' systems to connect with payment service providers, and facilitate transactions using aliases such as mobile phone numbers.