ChainCatcher report: The European Central Bank has announced it is recruiting experts to help develop a rulebook for the digital euro in everyday payment scenarios, with a focus on ATMs and merchant card payment terminals. One working group will define how ATMs and point-of-sale terminals handle digital euro payments, including device connectivity, offline transaction support, and compatibility with existing payment standards; another working group will design certification processes for payment tools and infrastructure. ECB President Christine Lagarde stated in December last year that the bank has completed the technical and preparatory work for the digital currency and is now awaiting approval from political institutions. The project is currently under review by the European Council and the European Parliament, and if approved, is expected to launch as early as 2029. Meanwhile, twelve European banks—including BBVA, ING, and BNP Paribas—have formed the Qivalis project, planning to launch a euro-pegged stablecoin in the second half of 2026, aiming to provide a blockchain-based payment solution not reliant on dollar-backed tokens.
ECB Hires Experts to Develop Digital Euro Rules for ATMs and Card Terminals
ChaincatcherShare
Summary
The European Central Bank (ECB) has hired experts to draft cryptocurrency regulations for integrating the digital euro into ATMs and card terminals. One team will define how devices process payments, including offline functionality and compatibility with existing standards. Another will design certification protocols for payment tools. ECB President Christine Lagarde stated in December 2025 that the technical work is complete and the project now awaits political approval. The European Council and Parliament are currently reviewing it, with a potential launch in 2029. Meanwhile, 12 banks are developing a euro-backed stablecoin under the Qivalis project, targeting a 2026 launch to provide a blockchain-based digital asset solution independent of dollar-linked tokens.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.