The European Central Bank is inviting experts from the mobile tech industry to advise on the development of an offline model for digital euro payments. „The ECB is investigating the deployment of the digital euro’s offline functionality on an embedded Secure Element (eSE) and embedded SIM (eSIM) of end-user’s devices.” – according to Finextra.
To improve its understanding of market, technical, and business aspects of such a deployment, it is calling for input from Original Equipment Manufacturers of mobile devices, Mobile Network Operators and specialised Trusted Service Managers.
The ECB is currently almost mid-way through a a two-year preparation phase aimed at laying the foundations for the potential issuance of a digital euro. As part of this, the Eurosystem is carrying out a deeper dive into technical aspects of the digital euro, such as its offline functionality and a testing and rollout plan.
The regulator says it wans to engage in technical talks on methods for deploying applets on embedded Secure Elements, as well as the business considerations involved, including the setup and the roles of actors in this process.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
