​European Central Bank Wraps Up Digital Euro Prototypes As p | Crypto Shake

​European Central Bank Wraps Up Digital Euro Prototypes

As part of the investigation phase of its digital euro project, the European Central Bank (ECB), which serves as the European Union’s central bank, has released two reports on the institution’s market research and prototyping exercise.

The Eurosystem, which includes the ECB and the national central banks of the EU countries whose currency is the euro, has invited market participants to participate in the market research.

This was to allow them to gain an understanding of the industry-specific knowledge and the ongoing experience of building potential technical solutions for a digital euro".

The research indicates that there is a sufficiently large pool of European providers that are able to develop digital euro solutions. It also suggests that different types of architectural and technological design options are available to build a technical solution for a digital euro.