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The ECB has chosen five companies to test the user interfaces of the digital euro



The ECB has chosen five companies to test the user interfaces of the digital euro

The European Central Bank (ECB) has confirmed that it is currently working with five companies to test potential user interfaces for the digital euro. First, there are prototypes that you want to test together. The objective is to determine to what extent the technological basis of the digital euro can match the interfaces developed externally.

In this context, one also wants to simulate transactions using front-end prototypes, which are then further processed in the backend. But there are no plans to continue using these first prototypes after the test phase. The ECB has secured the following partners:

  • Peer-to-peer online payments: CaixaBank
  • Offline peer-to-peer payments: Worldline
  • Payer-Initiated Point-of-Sale Payments: PPE
  • Beneficiary-Initiated Point-of-Sale Payments – Nexi
  • E-Commerce Payments: Amazon

That’s right, Amazon is also on board. The companies were selected from a pool of 54 applicants. The five companies selected best matched the requirement profiles of the respective scenarios. The ECB expects the tests, which will start soon, to be completed in the first quarter of 2023. The results will then be published at that time.

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