ECB Selects Network Providers for Digital Euro Pilot Infrastructure
(3 hours ago) · 1 source · Summarized by CryptoBipto
The European Central Bank has chosen network providers to support the infrastructure for its digital euro pilot. This step moves the digital euro project closer to a potential launch by building out the technical backbone needed for the system.
WHY IT MATTERS
A central bank digital currency, or CBDC, is essentially a digital version of a country's official money, issued and backed by the central bank — think of it like digital cash in your phone's wallet, but created by the government rather than a private company.
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SOURCES
- newsbtc.com
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