The European Central Bank, or ECB, has announced it will be collaborating with five companies for the development of potential digital euro user interfaces.
In a Friday announcement, the ECB said it had chosen “Big Four” tech company Amazon, fintech firm Nexi, Spanish digital bank CaixaBank, French payments platform Worldline and the European Payments Initiative, or EPI, to each focus on developing a prototype based on specific use cases of the digital euro. According to the central bank, the firms will create front-end prototypes, which will not be used in later phases of the digital currency project.
The ECB chose the five companies based on their fulfilling “specific capabilities” when compared to 50 other front-end developers that responded to the central bank’s call in April. Officials