ECB partners on payment standards for digital euro

The European Central Bank (ECB) is collaborating with the European Card Payments Cooperation (ECPC), Nexo, and the Berlin Group to reduce the costs associated with introducing the digital euro. According to Cointelegraph, the agreement will enable the ECB to leverage existing open payment standards to support a range of payment methods, including "tap-to-pay" transactions, connections between merchants and payment services, and phone number-based transfers.