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Amazon is Experimenting With Digital Euro Prototypes


The European Central Bank (ECB) is testing its digital euro with five companies, including Amazon. Amazon is one of five companies that are experimenting with a digital euro.

The ECB announced on September 15 that five companies will collaborate to develop prototype user interfaces for its upcoming digital euro. Simulated transactions will be used in the exercise to determine whether the digital euro effectively integrates with those interfaces.

Amazon will be the most visible participant, developing an interface to handle e-commerce payments. It is unclear whether the company will modify its official storefront or develop an entirely new interface.

The news today does not indicate that Amazon intends to accept the digital euro if the ECB ever introduces one.

CaixaBank, a Spanish bank, and Worldline, a European payments processor, are also involved in the project. These companies will develop interfaces for both online and offline peer-to-peer payments.

At last, interfaces for point-of-sale transactions will be provided by the European Payments Initiative (EPI) and the paytech company Nexi. While Nexi will concentrate on payee-initiated transactions, the EPI solution will be payer-initiated transactions.


These five companies were chosen from a pool of 54 that responded to an initial call for expressions of interest.

Despite the high standing of each company, their work may have little impact in the long run. “There are no plans to re-use the prototypes in the subsequent phases of the digital euro project,” the European Central Bank said in today’s announcement. The results of the experiment will be published in 2023.

According to recent reports, a legal framework for the EU’s digital euro will also be delivered in 2023. According to some estimates, a digital euro could be introduced in 2025.