11 November 2022

Digital Euro to be tested in Spain

Written By FinTech Alliance in Digital Currency

Digital Euro to be tested in Spain

Banks in Spain have set up a working group to test the concept of a digital Euro. 

In Brief:

The banking sector will assess the impact of a digital Euro. 

It will include up to 30 banks in Spain which will roll out a proof of concept. 

This should be completed by the end of the year so it can be tested through various use cases. 

What does this mean? 

Some use cases of interest for the digital Euro include person-to-person remittances, e-commerce and physical retail. The banks will look to test these and examine the implications a digital Euro will have on those processes. 

Read more here. 

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in Digital Currency

Zumo and CCRI Partner

29 April 2024

Pushing back against growing crypto carbon footprint. In brief:- After the ...

Singapore to pilot use of wholesale central bank digital currencies in 2024

20 November 2023

In 2024 Singapore will pilot the live issuance and use ...

PayPal Launches U.S. Dollar Stablecoin

21 August 2023

PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, ...

MAS firms up regulatory framework for stablecoins

21 August 2023

The Monetary Authority of Singapore (MAS) has laid out its ...

White Papers Digital Currency

The digital pound: a new form of money for households and businesses?

12 June 2023

This consultation – issued jointly by HM Treasury and the Bank of England – opens that conversation...

White Papers Digital Currency

Connecting digital islands: CBDCs

28 March 2023

There is a growing momentum towards exploring Central Bank Digital Currencies (CBDCs) amongst centra...

White Papers Digital Currency

Banking Circle on: As crypto evolves, how should Banks approach CBDCs & stablecoins?

13 July 2022

Banks must prepare for crypto or risk falling behind the competition. The acceptance network fo...

White Papers Digital Currency

Study on New Digital Payment Methods

25 May 2022

This study seeks to provide the European Central Bank (ECB) with a thorough understanding of the cur...

There are no Events in this category