reuters.com
www.reuters.com

  • ECB selecting banks that want to take part in pilot phase

  • ECB setup costs to reach around 1.3 bln euros, Cipollone says

  • Banks to pocket fees, won’t have to pay system costs to ECB

  • Merchants will also have an incentive in terms of cap on fees

  • CyberEgg@discuss.tchncs.deEnglish
    67·
    4 days ago

    that is about 3% of what they spend every year on IT‑system maintenance," Cipollone said.

    Just to put the number into context.

    • deHaga@feddit.ukEnglish
      17·
      4 days ago

      It’s not going to cost them net anything though. 4b to setup and then fees for as long as the currency lasts…so they’ll recoup all their costs and then it’ll be free money