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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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The European Central Bank has chosen COTI to assist in the development of digital euro technology.
PANews May 6 news, according to Bitcoin.com, the European Central Bank (ECB) has chosen the Ethereum privacy layer protocol COTI as a pilot partner for the digital euro, collaborating with institutions such as KPMG and Accenture to develop a CBDC technology solution set to launch in early 2026. COTI will utilize its innovative Garbled Circuits encryption protocol to build core privacy features for the digital euro. Nearly 70 selected institutions must complete the technical verification of the conditional payment system before 2026. COTI CEO Shahaf Bar-Geffen stated that this is the second CBDC collaboration following the Israeli digital shekel project, focusing on how to embed privacy protection into the underlying architecture of the system. The European Central Bank will provide technical specifications support such as APIs for partners, and the pilot results will be summarized in an evaluation report by the end of the year.