ECB targets 2027 digital euro pilot as provider selection begins in Q1 2026

The European Central Bank (ECB) plans to initiate a pilot for the digital euro by 2027, with the selection of a technology provider set to begin in the first quarter of 2026. This move is part of the ECB's ongoing efforts to explore the potential of a central bank digital currency (CBDC) in response to the evolving digital payment landscape. The ECB aims to ensure that the digital euro meets the needs of consumers and businesses while maintaining financial stability. The pilot will focus on testing the functionality and usability of the digital euro in real-world scenarios.

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