The tests will cover the simulated sending of digital euros from person to person, payment in online commerce and payment in physical commerce, based on a model in which, as is the case with the current euro, the banks would be the depositories of the accounts of this digital currency of your clients.
The Spanish banking sector has set up a working group and proof-of-concept to assess the impact of the implementation of a digital euro by the European Central Bank, a task that will last until the end of this year and whose conclusions will be known in 2023.
Specifically, these entities are BBVA, Banco Sabadell, Banco Santander, Abanca, Arquia, Banca March, Banca Pueyo, Banco Caminos, Banco Mediolanum, Bankinter, Caixa Guissona, Caixa Ontinyent, Caja de Ingenieros, Cajalmendralejo, Cecabank, Deutsche Bank, Eurocaja Rural, EVO Banco, Grupo Caja Rural, Grupo Cajamar, Ibercaja, ING, Kutxabank, Laboral Kutxa, N26, Openbank, Orange Bank, Targobank and Unicaja Banco.
Thus, they have indicated in a statement that the objective is to deepen the analysis of the technical, operational and business implications that its introduction into the market would have, as well as its coexistence with the digital payment instruments currently used by European citizens.
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:
