European Central Bank outlines timeline for the digital euro’s introduction.
Highlights:
- Digital euro pilot program expected to launch in 2027.
- Official rollout of the digital euro planned for 2029.
- European Central Bank aims to enhance digital payment security.
- Consumer protection and privacy prioritized in digital Euro design.
The European Central Bank has announced plans to initiate a pilot program for the digital euro in 2027, aiming for an official launch by 2029. This new digital currency seeks to enhance payment security and meet the evolving demands of consumers. The ECB emphasizes consumer protection and privacy as central elements in the digital euro’s framework. As the digital finance landscape evolves, these developments mark a significant step towards modernizing monetary transactions in Europe.
