Frankfurt and London, Tuesday 15 February 2022: The Digital Euro Association (DEA) is delighted to announce its partnership with the UK-based Digital Pound Foundation (DPF). Through the partnership, the DEA believes that enhanced exchange of ideas and cooperation can be created. While the DEA primarily seeks to impact the discussion around a digital euro in the Eurozone, the Digital Pound Foundation focuses on the well designed implementation of a digital pound.
The Digital Euro Association (DEA) is delighted to announce its partnership with Ripple as a supporting partner to jointly work on central bank digital currencies (CBDCs). Ripple, one of the leading providers of enterprise blockchain and crypto solutions for cross-border payments, has recently developed a blockchain-based infrastructure to support CBDCs and is engaged with Bhutan’s central bank, amongst others, to help execute their CBDC pilot. Ripple is also a member of the Digital Pound Foundation and continues to extend its efforts around CBDCs worldwide. The DEA partnership with Ripple includes, amongst others, joint educational efforts around digital currencies and knowledge exchange.
Hereby, the Digital Euro Association (DEA) announces the DEA Thesis Award, a call for theses on the digital Euro. Paper topics should cover either the public digital euro in the form of a central bank digital currency (CBDC) or the private digital Euro in the form of euro stablecoins, tokenized commercial bank money, etc. Note that this is not a call for academic papers but instead targets student papers that have been submitted at academic institutions all over the world as we want to encourage young students to research these topics. With this first call for papers, the DEA awards the best and most innovative theses around the digital Euro to contribute to our mission of supporting education around the digital Euro.
We are pleased to announce that cLabs has joined the DEA community and is now an active and supporting institutional member.
cLabs aims at creating global prosperity by building financial technology.
cLabs is working on celo, an open-source blockchain for peer-to-peer payments. Celo makes crypto and stablecoin payments accessible on mobile phones. Their stablecoins cUSD and cEUR enable safe and efficient cross-border payments and, thus, intend to foster financial inclusion globally. The DEA is convinced that the partnership with cLabs will be exceptionally valuable. The cooperation will help further support our mission to contribute to the public and political discourse on a digital euro.
What did the ECB announce?
On July 14, the European Central Bank (ECB) announced the launch of a digital euro project, a project that will determine whether a central bank digital currency (CBDC) will be introduced in the euro area. The project will start with an investigation phase taking from Q4 2021 to Q4 2023.
Central bank digital currencies (CBDCs) have progressed from being purely theoretical concepts to one of the highest priorities for central banks around the world. As the European Union understands itself as a global technology leader, it is crucial to deepen and accelerate the research on a digital Euro. The Digital Euro Association (DEA), a think tank specialized in digital money, offers expertise and know-how related to digital money through its more than 180 renowned experts. With this call to action, we highlight the importance of a digital Euro for the Eurozone and suggest establishing a Digital Euro Research Facility, a Digital Euro Lab that includes experts from financial institutions, think tanks, the (tech) industry, and other sectors. This proposal is in line with the actions conducted by other major central banks like the Bank of England and the Bank of Canada. The DEA would be thrilled to provide assistance in creating such a Digital Euro Lab and share input and research resources for detailed analysis about the digital Euro in collaboration with the European Central Bank (ECB).