Jürgen Schaaf, an advisor to the Senior Management of Market Infrastructure and Payments at the European Central Bank (ECB), on Wednesday defended the EU’s decision to make Amazon one of the five firms to test a digital euro.
“The prototyping experiments for the front end are driven by technological considerations. The companies that have been chosen for that five were the most appropriate in terms of the needs that we have for technological tests and experiments,” Schaaf stated in a panel discussion hosted by the Association for Financial Markets in Europe.
Earlier this month, the European Central Bank selected five companies to help develop user interfaces for a potential digital euro.
The companies include the US e-commerce company Amazon, Spanish multinational CaixaBank, French payments platform Worldline, Italian payments-focused bank Nexi, and EPI (European Payments Initiative), a consortium of euro-area banks. The five firms were picked from a pool of 54 potential companies...
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