CoinDesk·4 min read·medium
ECB picks firms including Deutsche Bank, Revolut for digital euro pilot
F
Francisco Rodrigues
✦AI Summary
The European Central Bank has selected several major financial firms, including Deutsche Bank and Revolut, to participate in a 12-month pilot program for a digital euro. The project aims to test the currency's functionality for online and offline payments while addressing concerns regarding European monetary autonomy against private stablecoins.
The group, selected from among 50 applicants, includes Adyen, Deutsche Bank, Revolut, SumUp, UniCredit and Worldline, the ECB said on its website .
businesseconomycryptotechnology
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in