economy
February 10, 2026
The Rise of the European Currency
This stance increases the likelihood that both options will be adopted in further discussions in the Committee on Economy and Monetary Affairs.
TL;DR
- European Parliament supports a digital euro with online and offline versions.
- The digital euro aims to decrease Europe's reliance on US payment companies (Visa, Mastercard).
- The ECB believes the online and offline features will complement each other, similar to cash.
- A pilot project could begin in 2027, with a potential official launch in 2029.
- The project is seen as a key tool for enhancing European financial autonomy.
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