Yesterday the European Central Bank issued five calls for vendor applications for services relating to digital euro components. A key takeaway is the framework budget is €1.1 billion ($1.2bn) for these five components. That does not include the core central bank digital currency (CBDC) settlement system which will be ‘sourced internally’.
Additionally, the ECB published updated progress on the digital euro rulebook.
Banks have worried that the Eurosystem would impose a wallet independent from their bank offerings. However, the app and software development kit (SDK) component will “support intermediaries in the provision of digital euro services through their own mobile apps and online interfaces”.
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