The European Central Bank (ECB) has selected 36 banks in the Eurozone as payment service providers to participate in the digital euro pilot program in 2027.

The objective is to conduct tests to verify the functionality and operational processes of the region’s digital currency through practical trials with consumers, businesses, and payment service providers.

The participants “were selected from more than 50 candidates across the euro area”—including Deutsche Bank, UniCredit, Revolut, Adyen, and Stripe—“and will work alongside the ECB and 19 national central banks in the euro area, with the exception of Bulgaria and Malta, during a 12-month pilot exercise.”

Last week, ECB President Christine Lagarde welcomed the European Parliament’s decision “to begin negotiations on the legislation and reiterated that the digital euro is intended to complement, not replace, cash.”

M.Pino

Source: euronews

(Reference image source: bruno neurath-wilson on Unsplash)

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Paraguay will evaluate future state-run bitcoin mining after launching a pilot program using equipment seized from illegal operators.

The South American country’s initiative puts BTC mining back into focus after “years of tension surrounding the activity. For a time, the country established itself as an attractive destination for miners thanks to cheap electricity and a favorable regulatory environment.”+However, with the massive influx of “illegal installations,” energy theft occurred, and public pressure on the authorities increased. Hence the state’s response to control clandestine operations.

Currently, efforts are underway to repurpose 1,500 of the 30,000 ASIC machines seized, with support from the technology company Morphware and the state-owned electric utility, the National Electricity Administration (ANDE). These entities have established a memorandum of understanding that sets out a framework for cooperation to analyze the plan’s feasibility.

The machines “will be located in facilities controlled by ANDE, specifically near electrical substations to take advantage of the existing infrastructure.”

Although experts indicate that the hardware is very old, the idea is to leverage the country’s energy surplus, known for its low cost and abundance, to power the equipment recovered from illegal operations.

M.Pino

Source: cripto247

(Reference image source: Erling Løken Andersen on Unsplash)

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This Tuesday, February 17, the state-owned oil company Petróleos de Venezuela (PDVSA) announced its pilot program for the sale of 97-octane Super Premium gasoline at gas stations in Caracas.

At these service stations, this high-quality fuel is being sold for $1 per liter, which is double the current price of regular gasoline ($0.50 per liter).

According to experts, the capacity of gasoline tanks depends on the vehicle’s engine displacement, “ranging from 35 to 120 liters, so filling the tank could cost between $35 and $120.”

If this initiative proves successful, the plan would be extended to other states in the country.

M.Pino

Source: acn

(Reference image source: engin akyurt on Unsplash)

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La entrada PDVSA launches pilot program for 97-octane Super Premium gasoline in Caracas apareció primero en Bitfinance.