What might a digital Euro mean for the CIO?

Assuming legislation is approved in 2026, the ECB (European Central Bank) says it is targeting potential issuance readinessby 2029 - what it describes as "Europe's alternative to Visa and Mastercard."

Even though that's three years off, the Bank is already in active discussion with all 20 national central banks of the euro area about the possible issuance of the digital euro - a form of Central Bank Digital Currency (CBDC), meaning a new form of money that exists only in digital form.

If it comes to market, a digital euro would be an electronic equivalent to cash, complementing banknotes and coins and giving European consumers and businesses an additional payment choice beyond the existing US-dominated networks.

What is the message here for the back office and e-commerce CIO? The bottom line from the supplier side is that - surprise, surprise - you're going to have to do an awful...

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