ECB Selects Nexi and Deutsche Telekom to Power Digital Euro Connectivity
What's happening
The European Central Bank has selected Nexi and Deutsche Telekom as the two network service providers to connect payment service providers and national central banks to the digital euro service platform. The deal is described as a major contract for the digital euro and positions Nexi and Deutsche Telekom to power digital euro connectivity across Europe. The selection is framed as a key step in building the network that will underpin the ECB's digital euro initiative.
Why it's trending
Because the ECB is moving from design to infrastructure procurement, naming specific vendors (Nexi and Deutsche Telekom) signals tangible progress on the digital euro rollout.
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Nexi and Deutsche Telekom will run the plumbing that links banks and central banks to the digital euro, here's what that actually means for payments firms today.
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Original sources4
- ECB Selects Nexi and Deutsche Telekom to Power Digital Euro ConnectivityFF NewsOct 30
- Nexi and Deutsche Telekom win major contract for digital euroYahoo FinanceOct 30
- ECB picks digital euro network service providers
The European Central Bank has selected two network service providers to connect PSPs and national central banks to the digital euro service platform.
FinextraOct 30 - The Digital Euro and the Banks’ New Payment Network Are Racing to Replace Visa in Europer/paymentsOct 26
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