Central Bank Digital Currency: an innovation in payments

April 2020


Central Banks are starting to think seriously about issuing their own digital currencies, both to wholesale networks of banks, along with corporates, FinTechs and the general public. The resulting flood of excitement around Central Bank Digital Currencies (CBDC) is beginning to activate a diverse group of participants across the payments ecosystem. This paper explores a range of proposed models and applications of these offerings from across the globe, while expanding the discussion on the necessary technology tools.