European Central Bank Speeds Development of CBDC Payments Platform

The European Central Bank (ECB) is reportedly accelerating the development of a central bank digital currency (CBDC) payment system.
The European Central Bank is working on a project to introduce an inter-institutional CBDC payment system.
The roadmap is presented. The project will be carried out in two stages: development of the payment platform and integration with existing markets such as the foreign exchange market.
Piero Cipollone, Member of the Executive Committee of the European Central Bank, said: "The project will create a harmonised and integrated European financial system.
"It will help build a new financial ecosystem," he said. Since 2020, the European Central Bank has been conducting various experiments using CBDC, including retail and cross-border payments.
Cointelegraph, a cryptocurrency media outlet, reported that the European Central Bank is accelerating the development of CBDC after the inauguration of the US President Donald Trump administration.
"It will be."