The eurozone’s central bank is reportedly developing digital currencies with the aim of serving as a stable alternative to cryptocurrencies like bitcoin, while ensuring that central bank money remains usable in the digital age. Last year, Amazon was chosen by the European Central Bank to explore online payment capabilities in digital Euros. The company said their goal in this work is to successfully provide a front-end prototype of an e-commerce transaction and combine it with a back-end infrastructure prototype of a European system, thus confirming that the potential digital euro can be smoothly integrated into the existing European payment environment.
In addition to Amazon, Italian bank Nexi, Spain’s CaixaBank, France’s Worldline, and the European Payments Initiative’s (EPI) alliance of banks and payment processors will also take part in the adoption of the digital Euro. Amazon positively welcomed the introduction of digital currencies, saying the digital Euro could be a tool to foster innovation and improve payment efficiency, and would bring “significant benefits” to both consumers and sellers.
Post time: Jun-01-2023