European Central Bank draws up plans for digital euro app for contactless and QR code payments

Fabio Panetta, European Central Bank (ECB)

The European Central Bank (ECB) is considering plans to develop a digital euro app that would enable consumers to use the proposed central bank digital currency (CBDC) to make contactless and QR code-based payments and “facilitate a standard approach to connecting end users to intermediaries” including banks and other payments processors... More