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Finance
Digital euro to use European standards instead of Visa, Mastercard
The European Central Bank will adopt three European open payment standards for the digital euro infrastructure to reduce reliance on Visa and Mastercard in the euro zone, BeInCrypto reported on April 26. The ECB signed agreements with the European Cards Payment Cooperation, the Nexo Standards and the Berlin Group. The standards cover contactless payments, merchant and ATM transactions, and account-based transfers. Separately, major European banks are expanding moves to embed cryptocurrency trading into existing regulated platforms.
Crypto
Six major Swiss banks test Swiss franc stablecoin
Six major Swiss banks are testing a stablecoin pegged to the Swiss franc with Swiss Stablecoin AG, CoinDesk reported. UBS, PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank and BCV set up a sandbox allowing banks and institutions to trial real transactions in a controlled environment through 2026. The project limits user numbers and volumes to manage risk and focuses on payment process testing and programmable money. Switzerland does not yet have a widely used regulated CHF stablecoin.
Crypto
European banks seek exchange ties ahead of 2026 stablecoin launch
Major European banks are preparing to launch a euro-linked stablecoin in 2026 and have begun negotiations with cryptocurrency exchanges and liquidity firms, Cointelegraph reported on March 2. The Qivalis consortium, which includes ING, UniCredit, CaixaBank and BBVA, is aiming for a launch in the second half of 2026. The project is led by Qivalis CEO Jan Sell and plans to back reserves with bank deposits and short-term euro zone government bonds.
