Digital Euro Gives US Payments Firms a CBDC Test Case
The digital euro is moving out of central bank planning and into checkout, with implications for merchants in the United States and payments providers. The European Central Bank opened applications Sept. 15 for eCommerce and mobile commerce merchants to join a 12-month digital euro pilot expected to begin in the second half of 2027. Applications […] The post Digital Euro Gives US Payments Firms a…
The European Central Bank has opened applications for the digital euro pilot, which will test the functionality of a central bank digital currency in eCommerce and mobile commerce. The pilot, expected to begin in the second half of 2027, will involve 36 payment service providers already selected and online merchants. U.S. payments firms, acquirers, and merchants operating in Europe can use this pilot as a test case for CBDC integration, as the U.S. is not currently developing a retail digital dollar.
The pilot will provide evidence on how existing payment infrastructure can be used and what additional work is required. If a digital euro is issued, U.S. firms serving European customers will need to consider whether and where it should be included in their payment mix.
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