According to a speech released by the European Central Bank, Executive Board member Piero Cipollone stated that the digital euro pilot program is set to launch in the second half of 2027. It will utilize a test version without legal tender status to examine technical functions, operational processes, and user experience. Participants will include Eurosystem staff, payment service providers, and selected merchants. He emphasized that the official initial issuance date can only be determined after the relevant legislation is passed, and that the digital euro will complement cash.