The Six Ways to Build Trust and Reduce Privacy Concern in a Central Bank Digital Currency (CBDC)
Zarifis A. & Cheng X. (2023) ‘The six ways to build trust and reduce privacy concern in a Central Bank Digital Currency (CBDC)’. In Zarifis A., Ktoridou D., Efthymiou L. & Cheng X. (ed.) Business digital transformation: Selected cases from industry leaders, London: Palgrave Macmillan, pp.115-138. h
24 Pages Posted: 20 Dec 2023
Date Written: December 7, 2023
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.
Keywords: Trust, Central Bank Digital Currency, CBDC, cryptoasset, cryptocurrency, blockchain, Fintech
JEL Classification: M1, M10, M15, M2, G00, G1, G21, G23, G18, F3, F30, D03, A14
Suggested Citation: Suggested Citation