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IBM offers guidance for successful implementation of digital euro

IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help the European Central Bank (ECB) digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in the Eurozone.” Some of IBM's points are already found in the European Commission (EC) legislative proposal. “Build on existing rails,” the first point, is already foreseen in the EC plan, although it can be extended, the five authors said. Simplicity will be key to initial adoption, they reasoned, and familiarity reinforces that. Intermediaries will also have a role to play in digital euro acceptance.


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