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ECB seeks experts to plug digital euro into ATMs and bank card terminals

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Spanish lender BBVA joins stablecoin venture of EU banks to challenge digital dollars

The European Central Bank (ECB) said it is looking for experts to help draft rules about how a digital euro would work in everyday payments in anticipation of legislation approving a central bank digital currency (CBDC) and a decision by the bank’s governing council to issue one.

The ECB opened applications for experts to help draft parts of the digital euro rulebook relating specifically to ATMs and card payment terminals used in stores, it said Thursday.

ECB President Christine Lagarde said in December the bank had completed its technical and preparatory work on the digital currency and it was now up to political institutions to act. The project, which aims to create a public digital means of payment, is under review by the European Council and the European Parliament. If approved, the central bank has signaled a potential rollout by 2029.

One workstream will define how ATMs and point-of-sale terminals process digital euro payments. This includes how devices connect, how they support offline transactions and how current payment standards can support the new currency. The goal is to ensure people pay with a digital euro at checkout or withdraw it from cash machines across the eurozone.

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A second group will design a certification process for payment tools and infrastructure. It will set how providers test and approve systems used to accept digital euro payments in stores and payment networks.

While the central bank is working on the project, a group of 12 European banks are moving forward with their own version of a euro-pegged token. The banks, including BBVA, ING, PNB Paribas, have formed the Qivalis project, a plan to roll-out a euro-pegged stablecoin in the second half of 2026, aiming to offer blockchain payments without relying on dollar-backed tokens.

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Crypto World

Bitcoin Faces Little Chance of Holding Its 200-Week Moving Average for Long

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Bitcoin Faces Little Chance of Holding Its 200-Week Moving Average for Long

Bitcoin (BTC) price support could “fail” by the weekly close in a major blow to Bitcoin bulls, analysis warns.

Key points:

  • BTC price downside versus local highs at $76,000 nears 10%.

  • Bitcoin brings its 200-week trend line back into focus, but little hope remains that it will rescue price.

  • A trader warns of “months” of ranging at current levels.

200-week BTC price trend line “unreliable”

In his latest X update on Thursday, crypto trader and analyst Rekt Capital brought a long-term BTC price trend line back into focus.

The 200-week exponential moving average (EMA) for BTC/USD, currently at around $68,300, is coming in for its first retest in over a week.

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“Bitcoin is pulling back in towards the 200-week EMA (black) to check if it can successfully turn the EMA into new support after having broken it as resistance last week,” he summarized.

The 200-week EMA has long been on the radar for traders. Along with its equivalent simple moving average (SMA) near $59,000, it forms a key support band for price as Bitcoin’s latest bear market takes shape.

BTC/USD one-week chart with 200 EMA, 200 SMA. Source: Cointelegraph/TradingView

BTC/USD has crisscrossed the 200-week EMA multiple times in 2026, but its significance remains.

“A successful retest of the EMA would fully confirm the breakout beyond it to enable future trend continuation to the upside and further build on this Macro Relief Rally,” Rekt Capital continued.

“However, it is important to consider whether Bitcoin could fail this upcoming retest into new support, in the same way price failed to bearish retest the 200 EMA into new resistance before.”

BTC/USD one-day chart with 200-week EMA. Source: Cointelegraph/TradingView

The post describes the EMA as “unreliable” thanks to price crossing both above and below it with ease.

“A Weekly Close below the 200 EMA would mean that price failed its upcoming retest to in turn strengthen the case for the EMA acting as unreliable support,” Rekt Capital concluded.

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Bitcoin trader: Current range could last “months”

The current low-time frame BTC price trading range contains multiple important lines in the sand.

Related: $58K BTC price still in play? Five things to know in Bitcoin this week

Bitcoin’s old all-time high from 2021 is at $69,500, while its 2025 lows currently mark the start of overhead resistance at $74,500.

So far, bulls have been unable to clear sellers and continue past $76,000, and many market participants expect new macro lows to come as a result as price retreats by nearly 10%.

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Updating X followers on his thoughts, trader Roman, long entertaining a trip to $50,000 or lower, said that price may form a frustrating sideways range first.

“It’s very possible we range here for months,” he warned.