The European Central Bank has launched a platform to explore the payment functionalities and innovative use cases of the digital euro.

In a statement on May 5, the bank said around 70 market participants – merchants, fintech companies, start-ups, banks and other payment service providers – had joined the venture. They had been picked from more than 100 applications after the ECB issued a call for interest last year.

“We welcome the huge amount of interest that market participants have shown in

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