ECB Warns Europe Can’t Wait for Private Solution as Cash Use Plunges – Is CBDC the Answer?

ECB Warns Europe Can’t Wait for Private Solution as Cash Use Plunges – Is CBDC the Answer?

The ECB has completed technical preparations for a digital euro, as cash use in Europe falls to 24% of daily transactions by value in 2024. EU legislation is pending, with pilots set to begin mid-2027 and potential issuance in 2029.