ECB picks 36 payment providers to test digital euro ahead of 2027 pilot
Cointelegraph 2026-07-14 11:16:38
Context: The European Central Bank has selected 36 payment providers to participate in a beta test for a digital euro, a project that aims to explore the feasibility of a central bank-issued digital currency. The selection process drew more than 50 applications from interested parties. The beta test is set to take place ahead of a larger pilot project scheduled for 2027.
Key Facts
- The European Central Bank received over 50 applications from interested payment providers, ultimately selecting 36 participants, including Revolut, to test a digital euro.
- The beta test is a precursor to a larger pilot project scheduled for 2027, which will likely inform the European Central Bank's decision on whether to proceed with a digital euro.