The six ways to build trust and reduce privacy concern in a Central Bank Digital Currency (CBDC)

Abstract

Central Bank Digital Currencies (CBDCs) have been implemented by only a handful of countries, but they are being explored by many more. CBDCs are digital currencies issued and backed by a central bank. Consumer trust can encourage or discourage the adoption of this currency, which is also a payment system and a technology. This research attempts to understand consumer trust in CBDCs so that the development and adoption stages are more effective and satisfying for all the stakeholders.