The European Central Bank has selected five organizations from 54 institutions to develop prototypes for the digital euro central bank digital currency (CBDC). The companies are Amazon, CaixaBank, the European Payments Initiative (EPI), Nexi and Worldline.
Work will start this month until the end of the year, with CaixaBank developing a mobile application simulating the transfer of digital euros to a user’s bank account and person-to-person (P2P) transfers to other individuals.
Other organizations are working on user interface prototypes for offline P2P payments, point of sale (POS) transactions and e-commerce payments.
The roles are as follows:
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