Kima Network Joins ECB's Digital Euro Innovation Platform. 🇪🇺🏦
The European Central Bank (ECB) has launched an innovation platform as part of its digital euro project to strengthen collaboration with stakeholders across Europe. Around 70 market participants, including Kima Foundation Ltd. (P), will work with the ECB to test the payment functionalities of the digital euro and develop innovative use cases.
Two main working groups have been established within the platform:
🔹Pioneers: This group tests technical implementations of the digital euro, such as conditional payments. Participants are integrating ECB-provided tools like APIs into their own systems.
🔹Visionaries: This group explores solutions to societal challenges, such as financial inclusion, using the digital euro. One example includes enabling unbanked individuals to open digital euro wallets via post offices.
ECB Executive Board Member Piero Cipollone stated that the strong interest in the project highlights the digital euro’s significance as a major step forward for financial innovation in Europe.
