Piero Cipolone: The digital euro is planned for pilot testing in the second half of 2027 and launch in 2029.
European Central Bank (ECB) Executive Board member Piero Cipolone stated that the digital euro is planned to launch a 12-month pilot program in the second half of 2027, and if the EU legislature passes the regulations this year, it could be technically launched in 2029. The digital euro will have a fixed fee cap, support offline payments, and have a holding limit for wallets. The ECB has selected 36 payment service providers to participate in the pilot program, and ECB staff and employees of 19 national central banks have completed test versions of personal transfers and transactions.