Digital Euro statement from ECB: It may take three to four years

A statement came from the ECB regarding the preparations for the digital Euro.

Fabio Panetta, member of the ECB Board of Directors, explained that the digital euro could be launched in three or four years, but banknotes will be available as long as there is demand.

The ECB is working closely with the central banks of the US, UK, Switzerland, Canada, Japan and Sweden to ensure that the ECB digital Euro can be traded alongside other central bank digital currencies.

In an interview with Panetta Les Echos published on the ECB website, “When we look at our grades on our progress, we are in the first phase” He also said that more work is needed.

Source: Cumhuriyet Gazetesi – Gündem by

*The article has been translated based on the content of Cumhuriyet Gazetesi – Gündem by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!