The European Central Bank is asking merchants to participate in a 12-month pilot of the digital euro, according to CoinDesk. The test will use a beta version of the central bank’s digital currency across several payment settings, including online purchases, mobile transactions, in-store payments and peer-to-peer transfers. The initiative is intended to put the digital euro through a range of practical payment scenarios with merchant participation forming part of the trial. CoinDesk reported the ECB’s call for businesses as the pilot prepares to test how the currency operates across these different channels. The source material did not provide details on the participating merchants, the pilot’s launch date or any impact on cryptocurrency markets.
