Edition November 11, 2026

Piero Cipollone: Cash and the digital euro: two sides of the same coin

The statement expresses hope for a strong legal framework that safeguards cash acceptance while giving Europeans a digital form of cash alongside it.

The ECB selected 36 payment service providers for the pilot from more than 50 applicants; the group includes banks and non-bank providers with varied business models, sizes and geographical coverage. A banknote design survey received almost 10 million responses, with participation across euro area countries and age groups; its results will inform the ECB Governing Council’s choice of a final design concept, expected around the end of this year.

This summary is based on the available full source text. Summary prepared with AI assistance. The original source is authoritative.