ECB announces partners for expected digital euro rollout

The European Central Bank has picked external providers that will help in the rollout of its anticipated digital euro.

The ECB said in an announcement on Oct. 2 that it has selected providers for five components and services of the central bank digital currency, with this the latest phase of the preparation for a potential launch of the token.

ECB’s selection of the qualified partners for the various services follows the call for applications the central bank published in January last year.

The European banking regulator also put out an invitation to tender, with targeted providers able to offer technology solutions and components around alias lookup, fraud and risk management, app and software development kit, offline services, and secure exchange of payment information.