Digital euro will not be delayed by Lagarde's departure. ECB aims to replace Visa and Mastercard by 2027

The departure of Christine Lagarde from the ECB will not delay the launch of the Digital Euro, according to a BCE advisor. The project aims to replace Visa and Mastercard by 2027 with a European technology for cross-border payments. Alessandro Giovannini emphasized that the Digital Euro will unify Europe digitally, similar to how the physical euro did in 1999. He reassured that the project remains on track despite Lagarde's early exit, as it is a European initiative, not solely dependent on her leadership.