The EU is preparing to launch a bloc-wide digital IDs pilot that uses the EU Digital Wallet. The pilot is a collaboration with banks and technology partners, including those providing biometrics-based facial recognition.
The EU already has its Digital Identity Wallet Consortium, but this is a new one, led by the Nordic-Baltic eID Project (NOBID).
The newly formed consortium is joined by six countries – Denmark, Germany, Iceland, Italy, Latvia, and Norway – four of which are NOBID members – and has presented a proposal that it says will allow for a large-scale, cross-border payments pilot that aims to “effortlessly” combine identity and payments.
Besides using existing payment infrastructure, the pilot should also “complement” some broader EU plans like the European Payments Initiative (EPI), and the EU’s very own central bank digital currency, known as...
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