Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Development of Mobile Wallet for Digital Identity in EU Started

Development of Mobile Wallet for Digital Identity in EU Started

CoinspaidmediaCoinspaidmedia2024/10/09 02:42
By:Coinspaidmedia

In Germany, a mobile wallet for European Digital Identify (EUDI) is currently under development. The solution will allow EU citizens to securely use digital identification within the European Union and store and sign official documents via their smartphones.

Development of Mobile Wallet for Digital Identity in EU Started image 0

The German Federal Ministry of the Interior (BMI) announced the start of the development of a government wallet for EUDI, which will be implemented as a smartphone app. The wallet will be used for the secure digital identification of citizens throughout the EU, as well as for storing and viewing personal data and official documents. Through the EUDI app, users will be able to sign documents using Qualified Electronic Signatures (QES).

The wallet’s development aligns with the EU’s Electronic Identification, Authentication, and Trust Services (eIDAS) regulation, which was adopted in February 2024. Under the new rules, all EU member states are required to implement at least one digital identification wallet by 2027. 

According to Nancy Faeser, Germany’s Minister of the Interior, the government plans to create opportunities for private developers to participate in the project. Faeser believes this approach will foster innovation in Germany by allowing local companies and research institutes to offer alternative solutions for utilizing EUDI.

The project will be carried out by the Federal Ministry of the Interior, the Federal Agency for Disruptive Innovation (SPRIND), and the Federal Office for Information Security. As part of the project, six companies selected by SPRIND in May 2024 will develop the wallet architecture that meets high standards of data protection and user privacy.

Starting October 9, 2024, online consultations with the public will commence, allowing all interested parties to discuss potential wallet architecture and ways to implement them on a mass scale. 

The authorities of South Korea , Brazil , Kenya , Argentina , and many other countries outside the EU are engaged in the development of ID systems.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04