The European Central Bank (ECB) has selected 36 payment providers to participate in the beta testing phase of its digital euro project, setting the stage for a broader pilot expected in 2027. This selection comes after the ECB received more than 50 applications from various payment firms, reflecting strong interest in the initiative.
Among the chosen participants is Revolut, a major player in the digital payments space. According to CoinTelegraph, the involvement of these providers will help the ECB assess the digital euro's functionality and user experience before the official pilot launch.
For Japanese markets, where digital yen discussions are ongoing, the ECB's progress highlights the growing global momentum toward central bank digital currencies and may influence regional policy and innovation in payments infrastructure.