US EditionECB Targets 2029 Launch for Digital Euro
17 Articles
17 Articles
The digital euro, the new project promoted by the European Central Bank (ECB), promises to transform the way in which the European Central Bank (ECB)...
The ECB has been working on this for years, and now the digital euro is entering the next phase. However, it will still take time for consumers to use the European digital payment alternative to PayPal, Mastercard and Visa.
The launch in 2029, public currency issued directly by the ECB (ANSA)
ECB targets 2029 launch for digital Euro
The European Central Bank plans to launch a digital euro in 2029, extending preparatory work after the current phase concludes. Officials will decide this week to proceed, contingent on a legal framework. Disagreements among EU lawmakers, particularly from the European People's Party, and concerns over US payment firm dominance are creating roadblocks.
Paper euros will be supplemented by digital ones. According to the European Central Bank's plans, such an innovation will cost residents nothing, will work even without an internet connection, which would allow shopping at any time. But skeptics explain that there is no such thing as a free lunch, and the benefits of the digital euro itself are very vague.
If the legislative process continues and the European Parliament follows the guidelines, we could have a digital euro in 2029. Christine Lagarde, President of the European Central Bank, said this during the program "Cinque minuti" on Rai Uno. "You and I (referring to the program's host Bruno Vespa) will certainly see it. We will conduct a trial run between now and 2027. Obviously, all of this is subject to the completion of the legislative proce…
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