ECB Moves to Smooth Digital Euro Rollout With Standards Deals

The European Central Bank moved to minimize adoption costs and encourage early coordination among those involved in its digital euro project, part of efforts to get the currency up and running this decade.

Agreements with standard-setting organizations CPACE, nexo standards and Berlin Group will help support tap-to-pay payments, connect merchants’ systems with those of payment-service providers and facilitate transactions using aliases like mobile phone numbers, the ECB said Friday.