ECB plans to allocate 1.2 billion euros to contractors capable of enabling offline retail digital euro payments

The European Central Bank (ECB) is providing a large amount of cash to contractors who can provide offline payment services for retail digital euros. The ECB plans to allocate up to 1.2 billion euros ($1.3 billion) to potential contractors, more than half of which will be specifically used for offline payment services, while seeking providers for risk management, information security, and user applications.