The European Central Bank Advances Digital Euro Project, Recruits Experts to Develop ATM and POS Terminal Access Standards

BlockBeats News, March 19th. According to Cointelegraph, the European Central Bank is seeking industry experts to participate in a relevant working group to study the operational aspects of the digital euro, a central bank digital currency, in ATMs, payment terminals, and acceptance infrastructure.

In an announcement released on Wednesday, the ECB opened applications for two working groups under its Retail Payments Strategy (RDG) framework. These working groups will be responsible for developing implementation guidelines for ATM and terminal providers, as well as a framework for payment solution certification and approval.

The core of this plan is to clarify how the future digital euro will integrate with existing payment systems and hardware, including support for offline transactions, and interoperability with European common standards.