ECB picks firms including Deutsche Bank, Revolut for digital euro pilot
The pilot will test a beta version of the digital euro for online, offline, in-store, and e-commerce payments with ECB and central bank staff as users.
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Summary
- The ECB selected 36 firms, including Deutsche Bank and Revolut, for a 12-month digital-euro pilot scheduled to start in the second half of 2027.
- The pilot will test a beta version of the digital euro for online, offline, in-store and e-commerce payments with ECB and central bank staff as users.
- The ECB aims for potential issuance by 2029, pending legislation and Governing Council approval.
