Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator.
Payment service providers, banks, and other relevant companies have been invited to participate as front-end providers of technical solutions designed to facilitate digital euro payments. The deadline for their applications is May 20. The prototyping exercise is scheduled to start in August and may continue until the first quarter of 2023.
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