MIT report explores CBDC designs for financial inclusion
The MIT Digital Currency Initiative and Maiden have published a report on central bank digital currency (CBDC) design choices and how this could impact financial inclusion.
A key difference between electronic money, such as mobile money, mobile apps, e-money or cards is that they are all intermediated, in contrast to cash which is not. And many retail CBDCs plan to use intermediaries. That raises issues such as cost, control, and trust.
The research specifies five areas that impact user perceptions, including custody, access, finality, data and distance.
