ECB Official Piero Cipollone Says Digital Euro Will Support European Banks and Payment Systems
Piero Cipollone says the digital euro will keep banks central to payments. The project aims to protect domestic card schemes from international competition.
Insights:
Piero Cipollone, a member of the Executive Board of the European Central Bank (ECB), announced today that the digital euro project will be designed to protect European banks and card schemes. Speaking on February 18, 2026, Cipollone stated that the central bank digital currency will be structured to keep euro-zone banks central to the euro-area payments system and favour domestic payment schemes.
