š COTI Joins Forces with European Central Bank to Power Privacy in the Digital Euro Revolution
Big moves in the Web3 space! š§ šø
COTI, a privacy-first Layer-2 solution built on Ethereum, has officially been chosen by the European Central Bank (ECB) as one of the key partners to shape the future of the digital euro. šš¶
Following its success with the Bank of Israelās digital shekel, COTI is stepping up againāthis time contributing advanced privacy tools to the ECBās CBDC initiative. Their mission? Enable āconditional paymentsāāa cutting-edge system that ensures asset legitimacy before any transaction is processed.
COTIās tech, leveraging Soda Labsā Garbled Circuits, keeps transaction data secure while staying on-chain, ensuring confidentiality without sacrificing transparency. CEO Shahaf Bar-Geffen called the partnership a "milestone" for COTI, reaffirming that privacy is essential for Web3ās evolution. šš
š Market reaction? COTIās native token surged 6%āhitting $0.07785!
With the digital euro set for launch by 2026, ECB and its partnersāincluding COTIāare racing to demonstrate how CBDCs can seamlessly plug into retail systems while respecting privacy and financial sovereignty.
Meanwhile, European policymakers are voicing urgency: š«š· Denis Beau, Deputy Governor of Banque de France, warned that U.S. moves to promote dollar-backed stablecoins could put Europeās monetary independence at riskāmaking the digital euro more critical than ever.