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IBM Consulting Provides Guidance for Implementing Digital Euro CBDC
As we know, the European Union has been working on its own central bank digital currency (CBDC) aka Digital Euro, and has been receiving consultations from global tech players. Tech giant IBM has recently shared a few ideas to make the Digital Euro a success.
It proposed a list of five recommendations for designers to assist the European Central Bank (ECB) in successfully integrating its digital currency into the diverse and competitive payment landscape of the Eurozone.
Some of the points mentioned by IBM already coincide with the European Commission (EC) legislative proposal. The first point involves “Build on existing rails,” as already foreseen in the ECB plan. IBM also argued that simplicity will play a crucial role in the initial adoption, emphasizing that familiarity strengthens this process.
Intermediaries will also play a role in fostering the acceptance of the digital euro. Thus the design of
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