Digital Euro: Will It Revolutionize Money with Central Bank Digital Currency
Central Bank Digital Currency (CBDCs) are rapidly gaining attention as governments worldwide recognize the need to stay ahead in the evolving financial landscape. The potential benefits of integrating blockchain technology into national currencies are significant, from enhancing financial inclusion to streamlining cross-border transactions. From China to the European Union, diverse initiatives are emerging, each driven by unique motivations and strategic goals. While legal, compliance, and technical challenges are rigorously debated, a critical question remains largely overlooked: Do consumers actually want or need CBDCs?
Our upcoming panel discussion will delve into this crucial issue, exploring how we can ensure that CBDCs provide tangible value to consumers rather than becoming mere instruments of state surveillance. We’ll examine whether CBDCs can truly offer advantages over existing financial instruments like Stablecoins, cryptocurrencies, cash, and the digital money managed by private banks. Join us as we explore how CBDCs can be designed to be customer-centric, driving real benefits in the modern financial ecosystem.