Digital Dollar Pilot Launched with New York Fed Branch

ECB further

In Europe, the European Central Bank (ECB) is already ahead with its digital euro project. Monetary authorities launched a two-year investigation phase in autumn 2021 to determine the fundamental properties of a digital version of the common currency. In October 2023, he wants to make a final decision on whether to pave the way for the introduction of a digital euro. If the vote is positive, Bundesbank board member Burkhard Balz assumes that early adopters will be able to pay with the digital euro in autumn 2026.