#DES21 adressed the following topics
With the onset of Diem (former Libra) and the rapid growth and adoption of crypto-assets such as Bitcoin, the topic of digital currencies has reached an inflection point. It is now a strategic priority for both private and public institutions around the world.
The private sector has doubled down on its efforts to make payments as frictionless as an email is today: instant, easy to use and practically free of charge. Sparked by blockchain technology, the industry also enters into uncharted territories of the internet of things, M2M-transactions, and programmable payments using smart contracts and digital forms of money.
At the same time, 86% of central banks around the world engage actively in assessing central bank digital currencies – CBDC. 14% of them are already moving forward towards development, according to the Bank for International Settlement. The European Central Bank ended a consultation on the digital euro with a record level of public feedback – over 8000 responses. On July 14 it has been officially decided to launch a digital euro project starting with a two-year investigation phase. So the time is ripe for Bitkom’s Digital Euro Summit.