The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system

The European Central Bank (ECB) plans to launch the digital euro by October 2025, after the relevant legislation is adopted. Despite this, lawmakers express doubts due to the recent failure in the Target 2 system, raising concerns about the reliability of the digital currency. The ECB is confident that the digital euro will function similarly to the TIPS instant payment system, ensuring round-the-clock availability. If successfully implemented, the EU will follow the example of countries like the Bahamas and Nigeria, which have already launched their digital currencies.