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The ECB chose 10 firms to help build the digital euro, aiming for launch by 2029.
The European Central Bank has selected ten technology firms, including Feedzai for fraud detection and Giesecke+Devrient for offline payments, to support the digital euro project, a key step toward launching a central bank digital currency by 2029.
The framework agreements, finalized on October 2, 2025, cover critical functions like fraud prevention, digital wallets, and secure data exchange, with contracts valued up to €273 million.
The digital euro, designed to be private, secure, and resilient, will operate under a two-tier model, with commercial banks distributing it.
Final approval depends on EU legislation and a decision by the ECB Governing Council by October 2025, with rollout expected after a two-year development phase.
El BCE eligió a 10 empresas para ayudar a construir el euro digital, cuyo lanzamiento está previsto para el año 2029.