Olvis Enrique Gil Ríos

The standards contributions will enable European SMEs and PSPs to adopt DLT-based payments without costly custom integrations or legal uncertainty. This reduces barriers to market entry, fosters competition, and strengthens EU digital sovereignty by reducing dependency on non-EU proprietary infrastructures.

Privacy-preserving credential profiles align with GDPR and European values, building consumer trust. The conformance framework provides a low-cost, low-risk pathway for SMEs to validate compliant implementations. Interoperability between DLT and traditional payment rails supports financial inclusion and cross-border commerce.

In the long term, these standards will help establish Europe as a leader in retail payment standardisation, shaping global norms that reflect European principles of privacy, fairness, and openness. The work directly supports the EU's Retail Payments Strategy, Digital Finance Package, and the ICT Rolling Plan for Standardisation.