ECB Targets 2029 Digital Euro Launch After Massive 2027 Pilot

Piero Cipollone, a member of the Executive Board of the European Central Bank, declared that the bank was still targeting 2029 for the issuance of the digital euro, and that its pilot would start in the second half of 2027, running for 12 months. Europe is working fast to complete the necessary steps to test and issue the digital euro, Europe’s own central bank digital currency (CBDC). Piero Cipollone, a member of the executive board of the European Central Bank (ECB), has detailed the bank’s digital strategy to ensure Europe’s sovereignty regarding its payment solutions, with the digital euro as a tool.

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