The European Central Bank (ECB) announced on Friday that it will launch a fresh series of experiments in 2026 to explore the potential uses of a digital euro. The initiative is seen as a key step in ensuring the eurozone’s financial autonomy from the United States.
The ECB noted that trials conducted this year with private sector partners have already highlighted promising applications for the digital euro, designed as a central bank-backed electronic wallet. These tests indicated that the digital currency could streamline automated payments for public transportation and support certain types of reimbursements.
This announcement marks another stage in the ECB’s ongoing effort to assess practical uses and implementation strategies for a potential central bank digital currency, as part of its broader digital finance agenda.
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