ECB unveils digital euro network service providers
Two groups of firms to provide plumbing for CBDC pilot and prepare for issuance in 2029
The European Central Bank has announced the companies that will provide the network backing for its digital currency pilot project.
In a press release dated October 30, the ECB said it had signed service agreements with two groups of network service providers (NSPs): Nexi Payments and Deutsche Telekom Business Solutions; and Telefónica de España, Telefónica Global Solutions and Indra Soluciones Tecnologías de la Información.
The bank explained that these companies would provide the services
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