Kiffmeister’s #Fintech Daily Digest (20220428)

ECB issues expression of interest for CBDC prototype user interfaces

The European Central Bank (ECB) has launched a call for expression of interest for payment service providers, banks and technology companies to join an exercise to develop prototype user interfaces for a digital euro. The ECB specifies 28 separate possible use cases, covering all aspects of the design process, from QR codes to user authentication, electronic ID (EID) and know-your-customer (KYC), among others. [Read more]

Would retail CBDC holding limits thwart its chances of achieving its intended purpose?

A briefing note based on a 2021 Swiss National Bank working paper argues that while retail central bank digital currency (CBDC) holding limits may limit the potential for commercial bank deposit substitution (or disintermediation), they may also undermine the use of CBDC as a medium of exchange. Retail CBDC could thus miss its intended purpose. The same would go for remunerated retail CBDC where the interest rate is set at unattractive levels for large holdings. [Read more]

Upcoming events I’m affiliated with:

The Bank of Ukraine will present virtually on their E-Hryvnia retail CBDC project on May 3 (at 08:00 EST) at the CBDC Think Tank  [Register here]

Satoshi Capital Advisors is hosting a virtual workshop on wholesale CBDC, stablecoins and digital capital markets on May 24 (starting at 08:00 EST). [Register here with the passcode: CBDC]