ECB Initiates Digital Euro Development With Tech Partners

The European Central Bank (ECB) has taken a crucial step forward in developing its digital euro initiative, signing agreements with several technology companies to explore key components of the potential new currency. This move comes as part of an ongoing multi-year project focused on modernizing payments within Europe. The ECB’s recent announcements indicate their intention to push forward with the digital euro’s development even without finalizing its launch date. 7 tech firms, including Feedzai for fraud detection and Giesecke+Devrient (G+D) for offline payment functionalities, have been selected to collaborate on this project.