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ECB Executive Board Member Cipollone Discusses Digital Euro Legislative Progress and Payment Infrastructure

1 reports1 sources10/24/2026 updated

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ECB Executive Board member Piero Cipollone stated that the digital euro legislative process is advancing in Brussels, with a potential launch by 2029 if approved this year. Cipollone highlighted that online payments in the euro area have surged from 6% in 2019 to 24% in 2024, with two-thirds of transactions using non-euro area card schemes, underscoring the region's heavy reliance on external payment infrastructure.

Written with AI from the reporting · updated 10/24/2026

Latest developmentOct 24, 14:00
ECB Executive Board Member Piero Cipollone says digital euro will provide European payment sovereignty
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  1. 1Unclassified fact stationOct 21, 00:00recorded Oct 24, 14:27single sourcerevised

    Cipollone访谈：数字欧元立法进展与支付基础设施重要性

    Read original source ↗ European Central Bank NewsReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    Piero Cipollone
    Action：
    提供数字欧元立法与准备进展更新
    Object：
    数字欧元立法辩论与内部准备
    Occurred (fact side)：
    Oct 21, 00:00
    European Central Bank News ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 24, 14:00
    First seen (known side)：
    Oct 24, 14:27
    Fact stationSingle source · one-sided claimRevised

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Oct 24
  1. European Central Bank NewsSelectedFirst-party sourceRelated fact: single sourceSource report revised
    ECB Executive Board Member Piero Cipollone says digital euro will provide European payment sovereignty

    Report first recorded Oct 24, 14:27

    ECB Executive Board Member Piero Cipollone stated that the digital euro is necessary to reduce Europe's dependence on non-European payment infrastructure. Online payments in the euro area grew from 6% in 2019 to 24% in 2024, with two-thirds using non-European card schemes. Cipollone argued that reliance on third-party payment systems threatens the smooth functioning of payment systems, which is within the ECB's mandate, and that the digital euro will provide a sovereign alternative similar to cash.

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