ECB Says Digital Euro Pilot Will Bring 36 Payment Providers Into 2027 Testing
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ECB prepares digital euro tests for the second half of 2027ECB confirms digital euro pilot for 2027 and alert on external dependence risk
The ECB has selected 36 payment providers for digital euro driver starting in the second half of 2027, with alert on dependence on external players. The post ECB will test digital euro in 2027 and alert on external dependence appeared first in Market Monitor.
ECB Selects 36 Firms for 2027 Digital Euro Pilot
The European Central Bank (ECB) has selected 36 payment service providers to participate in a 12-month pilot program for the proposed digital euro, marking a significant step toward testing the infrastructure needed for a potential central bank digital currency. The pilot is scheduled to begin in the second half of 2027, following an application process that attracted more than 50 participants. The selection was disclosed in an ECB speech on Nov…
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