The ECB announced on 4/24 that it has signed a cooperation agreement with ECPC, nexo standards, and the Berlin Group, using the existing open European standards as the foundation for online payments for the digital euro, to reduce deployment costs, promote PSP coordination, standardize the user experience, and reduce reliance on proprietary international standards. In the short term, it will first implement the standards, and in the long term, it will decide the timeline and scale for official rollout through the “Digital Euro Regulation.”