ECB Launches Digital Euro Pilot for E-commerce Merchants
The European Central Bank (ECB) has launched a call for e-commerce and mobile commerce merchants operating in the euro area to participate in its digital euro pilot. This comes after the selection of payment service providers that will take part in the pilot.
The digital euro pilot aims to test the technical functionality, operational processes, and user experience of the proposed digital currency. It will use a beta version of the digital euro that is functionally and technically close to the final product, but without legal tender status.
Participating merchants will gain first-hand experience with beta digital euro transactions in realistic e-commerce and m-commerce environments, interact directly with pilot participants, and test customer payment journeys. Feedback gathered during the pilot will help inform future design decisions, improve user journeys, and ensure that merchant requirements are considered.