Day: March 3, 2025

Kiffmeister’s #Fintech Daily Digest (20250303)

~ kiffmeister

Preliminary design for the digital shekel system (Bank of Israel)

The Bank of Israel (BOI) published a paper on its preliminary digital shekel (DS) ecosystem design thinking for public and professional community feedback. It covers the basic and advanced user journey, architecture and technical issues, and various aspects of policy, rules, and regulation. A prospective DS will be a universal means of payment that would be free for private users (for businesses, the costs of using it are expected to be significantly lower than existing digital payments). The DS will support offline payments, allowing payments even in situations without network connectivity. Anonymous payments would be possible but in limited amounts. Access to personal identifiable information about user DS balances and activities will not be available to the BOI, but they will be to payment service providers, like with existing digital payment methods. [Read more at the BOI]

Upcoming Speaking Engagements:

  • The Crypto Assets Conference (Frankfurt, March 26) will delve into the advancements in digital assets, tokenization, crypto assets, web3, and more, through insightful talks, interactive debates, and presentations by industry experts, founders, investors, and representatives from public institutions. [Register here and get a 10% discount]
  • The Digital Euro Conference 2025 (Frankfurt, March 27) will explore the future of money with a focus on CBDCs, stablecoins, tokenized deposits, and the intersection of AI and digital ID. When you register, get 20% off the regular ticket price by using the Kiffmeister20 code! [Register here]

And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.