Today the European Central Bank ECB announced the 30 people who will serve on its digital euro Markets Advisory Group. When the bank announced the two-year digital euro investigation phase in July, it shared plans for the group.
Some notable absentees on the ECB’s central bank digital currency (CBDC) panel include Mastercard, Visa and PayPal. In contrast, the European Payments Initiative (EPI) is included. The EPI is backed by 31 European banks and aims to create a pan-European payment system that will rival Visa and Mastercard. Card acquiring solution Worldline is a member of both EPI and the ECB’s Advisory Group.
That said, it’s not a total U.S. lockout as Stripe’s Sean Mullaney is included in this group as well as the Bank of England’s digital currency forums. However, Stripe’s founders are Irish and it has dual headquarters in Ireland and the United States. Mullaney is one of only two people to be represented in both Europe’s and England’s digital currency groups. The other is Inga Mullins of Fluency, a specialist CBDC blockchain startup looking to address interoperability with existing banking infrastructure.
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