CBDCs: Public Infrastructure for Innovation

Dr Wolfram Seidemann, CEO of G+D Currency Technology, pointed out at the company’s July Currency Technology Symposium that it’s not only about the resilience of the existing cash cycle, but it’s also about innovating the new cash cycle.

The world is changing, G+D Group CEO Dr Ralf Wintergerst explained. Population is increasing while ageing at the time and we see geopolitical and economic changes – all fuelled by growing acceleration of technology and increasing spend on innovation. And change is, of course, an opportunity.

When one considers the world wide web was invented in 1988 and there were no digital payments, the transition to where we are today is extraordinary – fintechs, Payment Service Providers and technology companies working on new digital payment instruments such as cryptocurrencies, stablecoins and Central Bank Digital Currencies.