EMEA Daily: 5 Companies Join Digital Euro Project

Today in Europe, the Middle East and Africa (EMEA) information, the European Central Bank (ECB) pronounces 5 business companions that can be concerned in a “prototyping exercise” as a part of the digital euro mission, whereas Truelayer cuts 10% of its workforce.

Amazon, Nexi, Worldline, CaixaBank, EPI Join Digital Euro Project

The ECB has chosen 5 corporations to be concerned in a “prototyping exercise” that can be a part of its two-year investigation part right into a digital euro, a central financial institution digital forex (CBDC) that may very well be used as an alternative choice to money. The corporations are Amazon, Nexi, Worldline, CaixaBank and the European Payments Initiative (EPI).

London Open Banking Startup TrueLayer Cuts 10% of Staff

Blaming market circumstances, London-based open banking startup TrueLayer is shedding 10% of its employees of roughly 443 staff. Affected staff will obtain an exit package deal with wage compensation primarily based on time of service, three months pension, prolonged entry to medical insurance and psychological well being assist.

Cryptocurrency-Fiat Gateway CryptoPayments Launches B2B, B2C Solutions

Estonia-based cryptocurrency-fiat gateway CryptoPayments has launched new options that allow companies and people to make and obtain funds in 9 cryptocurrencies. The platform options safety that features two-factor account authentication, forex choices, as much as 14 private crypto wallets and multicurrency playing cards, and an utility programming interface (API) for builders.

For all PYMNTS EMEA protection, subscribe to the every day EMEA Newsletter.

New PYMNTS Study: How Consumers Use Digital Banks

A PYMNTS survey of two,124 US customers exhibits that whereas two-thirds of customers have used FinTechs for some side of banking companies, simply 9.3% name them their major financial institution.