Almost 70% of central bank respondents to OMFIF’s 2023 Future of payments survey expect to issue a central bank digital currency within the next decade. But central banks are not expected to work alone. Instead, they will have to collaborate with a range of stakeholders to develop and deploy a CBDC. This model is known as the ‘platform approach’, where the central bank provides the core ledger while ecosystem players innovate to provide the service to end-users. A new report by OMFIF’s Digital Monetary Institute and Giesecke+Devrient examines how to unlock the potential of this CBDC ecosystem. The report drew its ... (full story)