The European Central Bank aims to launch a digital euro pilot in 2027.

BlockBeats News, October 30, the European Central Bank said on Thursday that if it can obtain timely approval from legislators, it may launch its digital currency pilot project in 2027. The European Central Bank believes that this project is crucial for the financial sovereignty of the Eurozone. The European Central Bank sees it as a strategic alternative to U.S.-dominated private payment methods such as credit cards and stablecoins. The European Central Bank stated that in an era of escalating geopolitical tensions, this move is becoming increasingly important as financial sovereignty and resilience are seen as key to maintaining European economic sovereignty. After four years of research and preparation, the European Central Bank stated that it is currently considering conducting a pilot, which means that some digital euro transactions may take place as early as mid-2027, with full implementation two years later. (Xinhuanet)