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ECB opens merchant applications for controlled 2027 digital euro pilot

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The European Central Bank has opened applications for online merchants to join a controlled pilot of the digital euro, its proposed retail central bank digital currency.

Key facts

Summary

01 ECB opened applications for merchants to test digital euro checkout in a controlled 2027 pilot. 02 The pilot connects merchants with 36 payment providers to test real online payment flows. 03 The beta is not legal tender; issuance still needs legislation and a separate ECB decision. The Sept. 15 merchant call gives EU-established e-commerce and mobile-commerce businesses until 17:00 CET on Oct. 27 to apply.

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#US Senate #European Union