Create a CBDC stands for Central Bank Digital Currency, or a digital currency issued by a central bank, such as the European Central Bank (ECB) or De Nederlandsche Bank (DNB).

Simply explained:

Create a CBDC is digital government money, just like cash (euros or dollars), but in digital form† It is official and legal tender, but exists digital only.

Example: the digital euro

The European Central Bank is working on a digital euro say:

• can exist alongside cash

• is safe and easy to use

• enables direct payments between people, without the intervention of a bank

Potential benefits of CBDCs:

• Fast and cheap payments

• Access to digital money for everyone, even without a bank account

• Better control of crime (money laundering, fraud)

• More monetary control for central banks

Making payments faster and more modern

CBDCs can:

• Fast, cheap payments make possible (also internationally)

• Working without expensive intermediaries (such as credit card companies or banks)

• Be available 24/7, even on weekends

Replenish or replace cash

Fewer and fewer people use cash. A CBDC can:

• Create a digital alternative to cash offer

• Public access to safe, state-guaranteed money give, even without a commercial bank

Increasing financial inclusion

In some countries people don't have bank accounts. With a CBDC they can:

• Still using digital money via an app or digital wallet

• Staying involved in the economy, even without access to a bank

Maintain monetary control

If stablecoins or crypto become more popular than the euro or dollar, central banks could:

• The grip on the monetary policy losses

• With a CBDC they can use the official money keep relevant meaning and form. implement policy

Transparency and combating crime

CBDC transactions can (if desired):

• Better traced then become cash

• Help with the combating money laundering, fraud and tax evasion

Alternative to Big Tech payment systems

By offering a digital payment method yourself:

• Does the government prevent that big tech companies (like Facebook/Meta with Libra/Diem) gain control over payment systems

• Preserves society sovereignty over money and payments