2025-12-30 11:26:10

The European Central Bank is charting an ambitious course for the next decade. By 2029, the ECB aims to roll out a comprehensive digital payment infrastructure powered by the digital Euro—a move that could fundamentally reshape Europe's fintech landscape and challenge the dominance of established players like Visa and Mastercard.

What's particularly striking is the EU's commitment to building this entirely in-house. According to Alessandro Giovannini, the initiative represents a distinctly European solution, with all engineering executed by European teams and distributed through the banking network. This localized approach signals a broader shift: central banks worldwide are recognizing that digital infrastructure is too critical to outsource, especially as the battle between traditional finance and decentralized systems intensifies.

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BTCBeliefStation

· 9h ago

Digital euro is coming to shake things up; Visa and Mastercard can't sit still anymore.

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0xSoulless

· 2025-12-30 11:55

The European Central Bank is going to "innovate independently" again? Laughable, it still depends on how the US cuts.

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GateUser-e87b21ee

· 2025-12-30 11:48

Finally, someone is playing seriously. This move in Europe is quite good.

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SchrodingersPaper

· 2025-12-30 11:41

The EU is really going to launch digital euro... Traditional finance better get worried now, ngl

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BankruptWorker

· 2025-12-30 11:36

Europe is about to launch digital euro, is Visa and Mastercard panicking? --- Developing in-house rather than outsourcing—this is true influence... --- 2029? Still feels far away, but the central bank finally understands that infrastructure cannot be casually outsourced. --- Localization plans sound good, but I wonder how effective they will actually be. --- EU's move is quite interesting; it seems traditional finance also wants to seize influence. --- Self-developed 👍, this is more important than anything else; financial infrastructure must be in our own hands. --- Digital Euro is coming, what about us? Still waiting? --- By the way, if it succeeds, could it serve as a model for other central banks? --- Europe's move is indeed visionary, but the implementation difficulty shouldn't be small.

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