19:05 ▪
4
min read ▪ by
The European Central Bank (ECB) continued its work on the digital euro. The institution launched calls for applications on Wednesday to structure its integration into ATMs and payment terminals. This step thus means concrete progress in the development of the project.
In short
- The ECB has launched calls for applications to recruit experts to oversee the development of the digital euro.
- Two working groups focus on integration into ATMs and certification of payments.
- The aim of the project is to establish common rules for the use of the digital euro throughout the euro area.
- The digital euro pilot is planned for 2027, but its release still depends on the European legislative framework.
The ECB announces calls for applications to oversee the development of the digital euro
The European Central Bank is opening calls for applications for the recruitment of experts. They will participate in two working groups tasked with further developing the regulation related to the digital euro.
In a press release published on Wednesday, the ECB states that these groups are subordinate to the Regulatory Development Group, which mainly brings together consumers, merchants and payment service providers. Thus, the aim of this framework is to integrate the various stakeholders in the project.
In addition, the regulation must establish common rules, standards and procedures for the use of the digital euro in the euro area. Finally, eligible candidates can submit their application to the ECB by April 10, 2026.
Work on the digital euro focuses on ATMs and payment certification
According to an ECB press release, the work streams focus on the development of the Euro Digital Rulebook (RDG). This effort is thus organized around two groups tasked with defining specific technical and operational aspects.
On the one hand, the G5 working group will focus on specifications for ATM and terminal providers. More precisely, it will review and develop regulatory proposals for technical specifications for these devices.
This work covers communication technologies, offline integration of the digital euro and existing standards. As a result, participants must have expertise in connecting or providing ATMs and terminals.
On the other hand, working group B1 will deal with the certification and approval framework. Develops proposals for testing and certification of payment and acceptance solutions.
In addition, it will analyze the infrastructure used by payment service providers in the digital euro ecosystem. Therefore, experts must master payment devices and acceptance systems in order to contribute to this work under the conditions set by the ECB.
The ECB is planning a digital euro pilot project for 2027
The ECB also planned a 12-month pilot project starting in the second half of 2027. This test was to involve a limited number of Eurosystem actors, in particular payment service providers (PSPs) authorized by the European Union.
Meanwhile, Piero Cipollone, a member of the ECB’s executive board, said during a meeting of the Italian Banking Association’s executive committee last February that this phase is to assess the conditions for the use of the digital euro. The expected results should therefore be a guide for technical and organizational adjustments.
In conclusion, the ECB continued to develop the project through a combination of technical work, regulatory oversight and test preparation. However, the ECB Governing Council’s decision to issue a digital euro remains dependent on the adoption of the European legislative framework.
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