PRESS RELEASE - nexo standards and the Berlin Group team up to support digital euro standards
- Jul 26, 2023
- 1 min read
Today, the Berlin Group announces a collaboration with nexo standards to align their standards as a support to the European Central Bank in the further design of the technical standards and implementation of the digital euro. Together, nexo and the Berlin Group’s standards support a fully harmonized payments value chain, from acceptance at the POI to the customer’s bank.
The complementary standards of nexo and the Berlin Group would ensure full interoperability of digital euro payments which is key to a successful rollout, as it will need to work across a range of acceptance devices, deployed by multiple private vendors. The aligned standards would also leverage the experience of the organizations in standardizing other payment means such as cards and instant payments, facilitating a smooth integration into existing payments infrastructures.
The full text of the press release can be found here.
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This is exciting news for the future of digital payments! Harmonizing standards between nexo and the Berlin Group will be crucial for a smooth and interoperable rollout of the digital euro. Imagine the convenience when payments just work seamlessly across all devices, like pairing tech innovation with style, maybe even while wearing a Women leather Jacket!
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