Europe’s Digital Euro Is Coming in 2029
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5 Articles
Europe’s Digital Euro Is Coming in 2029
The European Central Bank is moving ahead with the digital euro and expects to begin a 12-month pilot during the second half of 2027. Thirty-six banks and payment providers have already been selected to participate, legislation is expected to be completed by the end of 2026, and the ECB intends […]
The Eurosystem, which consists of the European Central Bank (ECB) and the national central banks of the euro area, is inviting e-commerce and mobile commerce service providers to participate in the digital euro pilot project, the Bank of Latvia informed LETA.
The European Central Bank (ECB) is taking a new step towards the digital euro. Online retailers and mobile payment providers in the eurozone are being asked by the ECB to participate in a major pilot with the digital euro. This trial is expected to start in the second half of 2027 and last twelve months. Meanwhile, the BBB and PVV are critical of the digital euro, partly due to concerns about privacy, control, and the possibility of programmable…
ECB Opens Digital Euro Pilot to E-Commerce Merchants
The Eurosystem has invited e-commerce and mobile-commerce merchants to apply for participation in a planned pilot of the digital euro, expanding preparations for a potential central bank digital currency for the euro area. The call for expressions of interest follows the selection of 36 payment service providers (PSPs) in July 2026 to participate in the initiative. Merchants selected for the pilot will work with the European Central Bank (ECB) a…
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