{"id":96494,"date":"2026-04-24T20:18:12","date_gmt":"2026-04-24T17:18:12","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96494"},"modified":"2026-04-24T20:20:13","modified_gmt":"2026-04-24T17:20:13","slug":"ecb-selects-payment-standards-for-digital-euro","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ecb-selects-payment-standards-for-digital-euro\/","title":{"rendered":"ECB Selects Payment Standards for Digital Euro"},"content":{"rendered":"<p>The European Central Bank (ECB) has taken another step towards launching the digital euro by signing agreements with three European payment standardisation organisations.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The ECB has signed agreements with three leading European standard setters to facilitate digital euro online payments. <\/p>\n<p>By reusing existing standards, we can help private European payment solutions minimise costs and increase their geographical reach <a href=\"https:\/\/t.co\/iktYHKCDz5\">https:\/\/t.co\/iktYHKCDz5<\/a> <a href=\"https:\/\/t.co\/4SczJhlumz\">pic.twitter.com\/4SczJhlumz<\/a><\/p>\n<p>\u2014 European Central Bank (@ecb) <a href=\"https:\/\/twitter.com\/ecb\/status\/2047609706349297798?ref_src=twsrc%5Etfw\">April 24, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The technologies of European Card Payment Cooperation (ECPC), nexo standards, and Berlin Group are planned to be integrated for online payments in the future <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a> system of the eurozone.<\/p>\n<p>This involves reusing existing open standards to reduce the cost of implementing the digital euro for banks, payment services, and retailers. The ECB believes this approach will expedite the launch of the infrastructure and reduce Europe&#8217;s reliance on international card systems and global digital wallets.<\/p>\n<h2 class=\"wp-block-heading\">Selected Technologies<\/h2>\n<p>According to the regulator&#8217;s statement:<\/p>\n<ul class=\"wp-block-list\">\n<li><span data-descr=\"standards for contactless payments\" class=\"old_tooltip\">CPACE<\/span> from ECPC will be used for contactless tap-to-pay operations via NFC;<\/li>\n<li>nexo standards will ensure integration between merchants&#8217; point-of-sale equipment and payment providers;<\/li>\n<li>Berlin Group will provide solutions for transactions via phone number and mobile applications.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Future Plans<\/h2>\n<p>The ECB anticipates that unified open standards will allow European payment solutions to scale beyond national markets without costly terminal and infrastructure upgrades.<\/p>\n<p>ECB Executive Board member Piero Cipollone stated that the digital euro should become &#8220;a European free alternative to existing proprietary standards,&#8221; providing banks and businesses with the confidence to invest and innovate.<\/p>\n<p>The regulator is still aiming for a potential first issuance of the digital euro in 2029, provided the necessary EU legislation is passed by the end of this year.<\/p>\n<p>Earlier in January, Cipollone <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-cites-sovereignty-in-push-for-digital-euro\">explained<\/a> the need for a European digital payment system as part of the EU&#8217;s sovereignty efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank (ECB) has taken another step towards launching the digital euro by signing agreements with three European payment standardisation organisations.<\/p>\n","protected":false},"author":1,"featured_media":96495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"ECB advances digital euro with new payment standard agreements.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,733,649],"class_list":["post-96494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-europe","tag-standards"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"ECB advances digital euro with new payment standard agreements.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=96494"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96494\/revisions"}],"predecessor-version":[{"id":96496,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96494\/revisions\/96496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/96495"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=96494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=96494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=96494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}