What is a CBDC?

What is a CBDC?

Sabrina Rochemont

25 years: Digital payments specialist

In this video, Sabrina introduces the key concepts underpinning Central Bank Digital Currencies (CBDCs). She evaluates the two potential forms that CBDCs might take, ‘wholesale’ and ‘retail’ / ‘general purpose’.

In this video, Sabrina introduces the key concepts underpinning Central Bank Digital Currencies (CBDCs). She evaluates the two potential forms that CBDCs might take, ‘wholesale’ and ‘retail’ / ‘general purpose’.

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What is a CBDC?

7 mins 16 secs

Overview

Central Bank Digital Currencies (CBDCs) will likely take one of two forms. CBDCs will either be ‘Wholesale’, in which case they would be an evolution of current central bank settlement facilities. Or, they will be in the form of a ‘Retail’ CBDC, which would be available to retail customers.

Key learning objectives:

  • Understand the potential of blockchain in the context of a wholesale CBDC

  • Explore the two types of CBDCs that are being considered

  • Assess the differences between a retail/general purpose CBDC and a wholesale CBDC

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Summary
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Expert
Sabrina Rochemont

Sabrina Rochemont

Sabrina Rochemont is an experienced IT Service Management Professional. She has been researching the digitisation of payments and the possible evolution toward a cashless society for a working party. She is co-author of several papers on the topic of cashless societies including "A cashless Society - Benefits, risks and issues”, published in 2018 and “Understanding Central Bank Digital Currencies”, published in 2019. She’s also co-authored several other papers covering many aspects of the topic such as the environmental impact of payments.

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