Summary
- The European Central Bank (ECB) said it has formed partnerships with seven technology firms in preparation for the launch of the digital euro.
- It said that technologies to strengthen security and reliability will be adopted through this cooperation.
- The ECB mentioned the possibility of an official launch of the digital euro in 2029, saying preparations for introducing digital currency in Europe are accelerating.
On the 2nd (local time), according to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), the European Central Bank (ECB) has signed contracts with seven technology firms as part of preparations for the launch of the digital euro.
The cooperation includes Feedzai, a fraud detection company that uses artificial intelligence (AI), and security technology company Giesecke+Devrient.
The ECB plans to adopt the technologies of these companies to strengthen the security and reliability of the digital euro. An ECB official previously mentioned that the digital euro could be officially launched in 2029.
This cooperation is interpreted as a sign that the groundwork for introducing digital currency within Europe is accelerating.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)