This Green Paper examines the potential for Central Bank Digital Currencies (CBDCs) and proposes a journey towards their widespread adoption. It is for stakeholders across the financial ecosystem including banks, PSPs, regulators, government and central banks in the UK and around the world.
The paper builds the case for retail CBDCs and considers the obstacles currently preventing their adoption. It concludes by advocating for extensive collaboration to bridge the gap between today’s payments landscape and a future landscape where a retail CBDC is benefiting everyone who pays and gets paid.
“The widespread adoption of CBDCs could be as important to the 21st century as the end of the gold standard was to the 20th. Because of the UK’s long-standing position at the forefront of global financial services, we have an opportunity to take a leading role in shaping the future of money.”
Tony Craddock, Director General of The Payments Association
This ground-breaking initiative is led by The Payments Association, paywith.glass and other private industry stakeholders, supported by Boston Consulting Group (BCG) as its consulting partner.
To read the report
Download it by completing the form, noting our community-approved privacy policy. If you would prefer to read the shorter executive summary document please visit: http://thepaymentsassociation.org/consultations/a-new-era-for-money-executive-summary/
Participate in the debate
The authors of the Green Paper, including Paul Sisnett, CEO of paywith.glass, and Kunal Jhanji, Partner at Boston Consulting Group, will be featuring in The Payments Association’s Insights webinar “Mastering the New Era of Digital Money” using CBDCs” on 17th February 2022. To learn from them and join the debate, register at no cost here: https://epa.glueup.com/event/47791/register/
Learn from leaders, meet others
Digital Currencies 360 is a one-day in-person conference featuring the authors of the Green Paper and other thought leaders on this world-changing subject. It is being held in London on March 22nd alongside The Payments Association’s PAY360 conference. To find out more and to register your place visit the website: https://digital-currencies360.com/
Join the movement
The change envisioned in this paper cannot be achieved by any one company or organisation. We need to come together, support the case for change and move from thought leadership to thoughtful action while bringing everyone along.
To learn how you can get involved in a community-led movement that has the potential to profoundly influence the future of money, please indicate by ticking the relevant box or call +44 20 7378 9890.
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