The Digital Euro Association (DEA) announced today that it has partnered with RTGS.global, a company that facilitates cross-border payments and liquidity management. According to the details shared by the DEA, the collaboration will include a broad range of initiatives, including joint educational efforts regarding digital assets.
Moreover, the partnership will include knowledge sharing to increase the adoption of digital money. Conrad Kraft, Executive Director of the Digital Euro Association, believes that the recent partnership will boost the discussions regarding a digital euro.
“Through our partnership with RTGS.global, we look forward to the exchange of insights regarding wholesale CBDCs gained from RTGS.global’s innovative developments in wholesale cross-border and inter-bank payments. This partnership further strengthens our portfolio of technology partners working on CBDC infrastructure solutions and will positively contribute towards the discussion around a digital euro,” Kraft said.
Last month, the Digital Pound Foundation announced a partnership with CryptoUK to foster a stronger digital money ecosystem in the UK. In October 2021, blockchain company Ripple became a part of the Digital Pound Foundation.
Digital Euro
The global adoption of digital money has jumped substantially in the last two years. The Digital Euro Association is a think tank that specializes in CBDCs, stable coins, crypto assets and other forms of digital money. Specifically, the association is focusing on the digital euro.
“The trials and tribulations associated with cross-border transactions are well known. As demand increases, we need a way to speed up transaction processes while mitigating settlement risk. We should be aiming to match the speed of domestic payments or any of the other digital services that we consume day-to-day. To make this a reality, cross-industry collaboration is essential. As such, we are delighted to become part of the DEA to help shape the future of digital money in Europe and further afield,” said Andrew Smith, CTO, RTGS.global.
