Bank of Cyprus and JCC join ECB digital euro pilot phase

The Central Bank of Cyprus (CBC) on Tuesday welcomed the selection of the Bank of Cyprus and JCC Payment Systems to participate in the European Central Bank’s (ECB) pilot phase for the digital euro, marking Cyprus’ involvement in the next stage of the Eurosystem’s preparations for a potential digital currency.

The Bank of Cyprus Public Company Limited and JCC Payment Systems Ltd are among 36 payment service providers chosen from across the euro area to take part in the pilot....