CaixaBank becomes the only European bank selected by the ECB to collaborate in prototyping the digital euro

Sustainability & Regulation
Q+
19/09/2022 news

The European Central Bank (ECB) has selected CaixaBank and four other organisations to collaborate in the development a prototype of a digital euro. The institution launched a call with the aim of selecting entities to develop technology projects associated with the creation of the European digital currency. CaixaBank, the only European bank selected for the project and will be responsible for producing a prototype for peer-to-peer (P2P) online payments using the digital euro.

Starting September and until the end of this year, CaixaBank will be developing a mobile application that simulates the steps individuals will need to transfer digital euros to their account and/or transfer digital euros to other individuals.

CaixaBank's extensive experience and leadership in the field of innovation and payment methods, as well as the quality of its services, internal capacity to develop such projects and its market coverage, have been some of the key aspects considered by the ECB during the selection process.

This content is reserved for our members

Join Qorus to keep reading

Related news & insights

SME Banking
05/10/2022 News

Mastercard brings new value to small business owners with new and expanded cardholder benefits

New partnerships with Adobe, McAfee and Priority Pass, and extended benefits from ShopRunner, Stride and Uber, will help small business...

Sustainability & Regulation
29/09/2022 Interview

Platform economy: how to ensure sustainable growth for both platforms and workers?

Vanessa Brosseau is Legal & Regulatory Director at Indeez, a French insurtech that provides usage-based income protections, directly embedded into...

SME Banking
28/09/2022 News

PNC acquires Linga, a point of sale and payments solutions firm

PNC announced it has acquired Linga, a point of sale (POS) and payments solutions firm providing an industry-leading, cloud-based restaurant...

Digital Reinvention
27/09/2022 News

DBS launches self-directed crypto trading function in DBS digibank app for accredited wealth clients

Eligible clients can now trade cryptocurrencies on DBS Digital Exchange (DDEx) through DBS digibank at their convenience.

Open Finance
27/09/2022 News

Stripe: Expanding access to the future of work with crypto payouts

Stripe now reaches a majority of the globe: 4.4 billion people in more than 110 countries can receive funds in...

Digital Reinvention
26/09/2022 News

hi launches world’s first NFT customizable card with Mastercard

Eligible cardholders can customize their card with an NFT avatar they own.

Open Finance
26/09/2022 News

Belvo receives license to act as payment initiation service provider (PISP) in Brazil

With the PISP license from the Central Bank of Brazil, Belvo expands the scope of its operation in the country...

Open Finance
26/09/2022 News

Fintech Raisin launches managed crypto portfolio: A simple option to effectively invest in cryptocurrencies at low-cost

Investors can invest in a portfolio of the most important crypto stocks via Raisin’s German platform WeltSparen.