By: Franyi Sarmiento, Ph.D., Inspenet, September 21, 2022
The European Central Bank (ECB) selected Amazon, the Spanish bank CaixaBank and three other companies to participate in the development of possible user interfaces for the digital euro.
“The aim of this exercise is to test how well the technology behind a digital euro integrates with prototypes developed by companies,” an ECB statement said.
According to the financial entity, the process will begin with transactions using the front-end prototypes (website design) developed by Amazon and CaixaBank. They will then be processed through the interface and back-end infrastructure (those aspects that people cannot see in the browser) of the Eurosystem.
The Eurosystem is the monetary authority of the eurozone. It is made up of the European Central Bank and the national central banks of the eurozone states.
The other companies that will participate in this development are focused on payment processing, these are: Worldline, a French peer-to-peer offline payments company, the European Payments Initiative (EPI) will handle point-of-sale payments initiated by the payer and, finally, the Italian bank Nexi will be oriented at the point of sale initiated by the beneficiary.
This 2-year phase of the ECB’s investigation into the digital euro will end in October 2023.
This material from the criptonoticias.com portal in Spanish was edited for clarity, style and length.
Source : https://www.criptonoticias.com/comunidad/adopcion/amazon-banco-espana-unen-desarrollo-euro-digital/
Photo: ShutterStock
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