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European Central Bank chooses Amazon and 4 other firms to prototype digital euro app

Published 09/16/2022, 03:00 PM
Updated 09/16/2022, 04:40 PM
European Central Bank chooses Amazon and 4 other firms to prototype digital euro app

The European Central Bank, or ECB, has announced it will be collaborating with five companies for the development of potential digital euro user interfaces.

In a Friday announcement, the ECB said it had chosen "Big Four" tech company Amazon (NASDAQ:AMZN), fintech firm Nexi (BIT:NEXII), Spanish digital bank CaixaBank, French payments platform Worldline and the European Payments Initiative, or EPI, to each focus on developing a prototype based on specific use cases of the digital euro. According to the central bank, the firms will create front-end prototypes, which will not be used in later phases of the digital currency project.

Source: ECB

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Latest comments

how about doing something to protect savings? interest rate change ?
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