The European Central Bank unveiled its new platform for payments using the digital euro. Around 70 entities are participating in the initiative, including banks, fintechs, startups, and payment service providers.
The ECB had been working on this project with the aim of “assessing its feasibility and functionality before its possible official implementation” for digital transactions in the eurozone.
Following the call for proposals for this application in October 2024, working groups were formed to analyze aspects such as automatic transactions, technical support, access to financial services for the unbanked, and the necessary digital devices.
One of the proposals they are considering is “the possibility of opening digital wallets in post offices, which would ensure that any citizen can use the digital euro without the need for traditional banking infrastructure.”
M.Pino
Source: iproup
(Reference image source: Paris Bilal on Unsplash)
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