The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial services for all Americans.
Payments Industry Association ETA Issues Guiding Principles for CBDC
ETA is the world’s leading trade association representing the interests of companies involved in providing products and services pertaining to electronic transaction processing. Among its more than 500 members are Visa, Mastercard, Paypal, Bank of America, Google, Apple, and many other established players in the sector.
In a document put out by its official publication, Transaction Trends, ETA lists “7 Guiding Principles,” against which any CBDC should be measured. The trade association is convinced that the U.S. government should carefully consid