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ECB Plans Digital Euro Launch by Mid-2029

1/28/2026

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Story summary
  • The European Central Bank (ECB) aims to launch the Digital Euro in mid-2029.
  • The Digital Euro would be a cash-like option across the euro area.
  • It would reduce reliance on foreign payment systems.
  • Piero Cipollone, an ECB board member, says the Digital Euro will be easy to use and retailers must accept it.
  • A PaymentGenes study finds general support but urges careful adoption to mitigate risks.