I think we are still a long way from "delivered". This is a proposal by the Commission. Next this needs to be approved by the European Parliament and Council.

I think we are still a long way from "delivered". This is a proposal by the Commission. Next this needs to be approved by the European Parliament and Council. Then the ECB needs to decide on all the details (technical and otherwise). Then the ECB needs to build, test and deploy the system. Banks will still play a role so they will need to build, test and deploy their part as well. Then the system needs to work well enough and see sufficient adoption to be actually useful.