Legislative Hurdles May Delay Rollout Until 2028
European Union finance ministers are intensifying efforts to launch a digital euro, aiming to cut reliance on American payment giants such as Visa and Mastercard. The initiative is part of a broader strategy to enhance Europe’s financial sovereignty and modernize the bloc’s payment infrastructure.
Despite strong political support, experts warn that legislative delays and regulatory complexities could postpone the launch until 2028. The digital euro would allow citizens and businesses to make instant, secure payments across the EU, potentially reducing transaction costs and increasing competition in the payments sector.
Officials emphasize that the digital euro is not intended to replace cash but to complement existing payment methods. It could also strengthen Europe’s position in the global financial system, especially as digital currencies gain traction worldwide.
