Payment systems are the lubricant for our economy and society. Without a seamless and trusted flow of money, neither private consumption nor business would be possible. Over the last years, also accelerated by Covid-19, card and digital payments have gained ground – however, these are dominated by US-companies like Mastercard, VISA, Apple or Google. Even Facebook is looking into payments and has started Libra, now renamed to Diem, serving a wake-up call to many.
Confronted by these challenges both the private and public sector in Europe are looking how to strengthen its sovereignty over the retail payment space, and has started initiatives:
Seeing these two initiatives coming from different perspectives key questions are arising:
This webinar will present the basic concepts behind EPI and CBDCs such as the digital euro, compare these and evaluate if these are conflicting or complementing initiatives.