ECB picks firms including Deutsche Bank, Revolut for digital euro pilot

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ECB picks firms including Deutsche Bank, Revolut for digital euro pilot

60-second summary

The European Central Bank selects firms including Deutsche Bank and Revolut for a digital euro pilot, testing a beta version for online, offline, in-store, and e-commerce payments. ECB and central bank staff will act as users, assessing the digital euro's functionality and security.

The pilot will test a beta version of the digital euro for online, offline, in-store, and e-commerce payments with ECB and central bank staff as users.