ECB Invites Firms to Innovate with AI in Digital Euro Payments
- The European Central Bank (ECB) opened applications for its digital euro innovation platform on Monday.
- The program includes hands-on testing and workshops, running from January to June 2027.
- Participants will develop prototypes for e-receipts, multiparty transactions, and conditional payments.
- Workshops will focus on AI-enabled payments and machine-to-machine interactions.
- A separate pilot involving selected banks and payment firms, including Revolut and Stripe, will start in the second half of 2027.
This initiative aims to explore innovative uses of the digital euro as a central bank digital currency (CBDC) for retail payments across the euro area. The ECB’s findings could influence future enhancements and use cases for the digital euro.
With a pilot involving multiple firms set to begin in late-2027, the ECB is actively seeking advancements in digital payment technologies.(Source)
