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The European Central Bank signs agreements with 3 standards bodies to reduce digital euro access costs.

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ME News, April 24 (UTC+8): The European Central Bank (ECB) recently signed an agreement with the European Card Payment Cooperation, Nexo Standards, and Berlin Group to reuse existing open payment standards for digital euro transactions. This move aims to reduce system access costs for banks, merchants, and payment service providers. The relevant standards include contactless payments, connections between merchants and payment service providers, and alias-based payment methods such as mobile phone numbers. The ECB noted that this will help lower market adoption costs and promote a unified digital euro user experience across the euro area. According to earlier reports, the ECB analyzed that the digital euro could impose costs of approximately 4 to 6 billion euros on EU banks within four years. (Source: MLion)
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