
ECB's Cipollone likens payments to energy and defense in digital euro push
- —Two-thirds of euro-area card payments are processed by non-European firms
- —Digital euro pilot with real transactions is scheduled for 2027
- —36 market participants are involved in preparations; ECB invites online marketplaces
- —Digital euro rollout could come in 2029 once legislation passes
Why it matters: The digital euro could reshape Europe's payment infrastructure and reduce reliance on foreign providers, affecting the stablecoin and payments landscape.
Source: BTC-ECHO