The Eurosystem trials for Digital Euro have commenced with calls for participants.
As an alternative payment system, this directly competes with Bitcoin but at the moment, BTC price remains steady.
Recent reports have revealed that the Eurosystem has begun trials for its digital euro, a crucial step toward modernizing digital securities and challenging cryptocurrencies like Bitcoin’s (BTC) dominance. 
The trials aim to explore the potential of Distributed Ledger Technology (DLT) networks using central bank money for wholesale settlements, particularly for transactions involving DLT-based digital securities.
Overview of the Digital Euro Trials
The Eurosystem’s trials involve two waves, with applications for the first wave due by January 31, 2024, and the second wave by April 30, 2024. Notably, the deadline for submitting questions is set for January 12. 
The trials aim to settle delivery versus payment transactions involving DLT-based digital securities using Central Bank money.

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