ECB Picks Open European Standards for Digital Euro, Sidelining Visa and Mastercard
Yahoo Finance
"The European Central Bank (ECB) signed agreements with three European standard-setting bodies to build the digital euro on open, non-proprietary infrastructure, directly challenging the dominance of Visa and Mastercard across the eurozone. The deals with the European Card Payment Cooperation (ECPC), nexo standards, and the Berlin Group give the digital euro a free, shared technical foundation that any European payment provider can adopt without paying global card scheme fees."
