Digital Euro Project Timeline

hello,

I was “randomly browsing around” regarding the timelines of the cbdc efforts in europe, and it turns out the first thing the european commission focuses on in this context consists of the introduction of a digital euro.

the timeline of this digital euro is hopeful, as the investigation phase runs until october 2023, after which the european council will evaluate whether it will be rolled out among the member states or not.

this means that the european cbdc/digital euro will not be available before q4 of 2023.

also take into account that the introduction of such a digital euro requires technical efforts in the form of system design, system development, testing, interoperability testing, pilot phase in each member state, piloting interoperability testing across member states, possible finetuning, and then the rollout (provided everything goes well).

reference: https://www.ecb.europa.eu/paym/digital_euro/investigation/governance/shared/files/ecb.degov220929.en.pdf