ECB Taps Tech Giants and AI Startup for Digital Euro Preparations

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The European Central Bank (ECB) has advanced its digital euro project by selecting key technology partners. Framework agreements have been established with several companies, including Giesecke+Devrient, Nexi, Capgemini, and AI startup Feedzai, to develop crucial components for the potential central bank digital currency (CBDC). These partnerships aim to bolster security, facilitate offline payments, and prevent fraud, marking a significant step in the ongoing preparation phase.

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