The European Central Bank just dropped a timeline that could fundamentally alter how 450 million Europeans handle money, and the implications stretch far beyond just replacing cash in your wallet.
ECB board member Piero Cipollone announced on Sept. 23 that the bank is targeting 2029 for launching its digital euro—essentially an online payment wallet backed directly by the European Central Bank itself. Speaking at Bloomberg’s Future of Finance event, Cipollone outlined a legislative timeline that puts the digital currency on track for deployment within the next four years.
