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

ChainCatcher news, the European Central Bank stated on Thursday that it may launch its digital currency pilot project in 2027 if it can obtain legislative approval in a timely manner. The European Central Bank believes that this project is crucial for the financial autonomy of the Eurozone.

The European Central Bank views it as a strategic alternative to U.S.-dominated private payment methods such as credit cards and stablecoins. The European Central Bank indicated that this initiative is becoming increasingly important in an era of heightened geopolitical tensions, as financial autonomy 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 could take place as early as mid-2027, with a full launch two years later.