European Central Bank selects 36 payment companies to test the digital euro

The European Central Bank has selected 36 payment companies from some of the largest financial institutions in the Eurozone to conduct a technical test of the digital euro, which is scheduled to be officially launched in 2029. The goal of this pilot program, set to begin in the second half of 2027 for a duration of 12 months, is to assess the technical and operational aspects of the digital currency before its final release.

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