Digital Euro Expected Within 3-4 Years, Collaboration Underway with Major Central Banks

ECB Member Reveals Timeline for Digital Euro's Circulation, Highlighting Interoperability Efforts with Key Global Players

Speaking to Les Echos, Fabio Panetta, a member of the ECB’s Executive Board, said that the digital euro could be in circulation in three or four years, but that banknotes would be available as long as there is demand for them.

- Advertisement -

According to Reuters, in order to make the digital euro interoperable with other central bank digital currencies, the ECB is working closely with the central banks of the United States, Britain, Switzerland, Canada, Japan and Sweden.

“We are at a preliminary stage where we are making comparisons in terms of our progress,” Panetta said in an interview published on the ECB’s website on Wednesday, adding that more work was needed.

“While interoperability is desirable, different national rules on confidentiality would make it more difficult,” he added.

READ NEXT

Previous Articles:

- Advertisement -

Latest News

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

ClickFix Attacks Surge 517% in 2025, Fake CAPTCHAs Spread Malware

ClickFix attacks using fake CAPTCHA verifications have risen by 517% in early 2025, according...

Must Read

Top 11 Hosting Providers To Buy VPS With Bitcoin And Cryptocurrency

As a full-time blogger with over 5 years of experience and running multiple niche websites, I have gained the necessary expertise when it comes...