ECB Selects Deutsche Bank, Revolut, Stripe, 33 Others for Digital Euro Pilot
The European Central Bank has chosen 35 companies including Deutsche Bank, Revolut, and Stripe to participate in a closed pilot of the digital euro. Testing is scheduled to begin in the second half of 2027 and last for 12 months.
The European Central Bank has selected 35 companies, including Deutsche Bank, Revolut, and Stripe, for a closed pilot of the digital euro. The trials are set to start in the second half of 2027 and will run for 12 months.
Participants will test peer-to-peer transfers, in-store and online payments, mobile payments, and offline system functionality. The pilot will involve the ECB and 19 eurozone central banks, though a final decision on issuing a central bank digital currency has not yet been made.
Source: ForkLog