Central Banks Move from 'If' to 'When' for CBDCs as Key Pillars Take Shape

CBDCs have potential to transform money and financial systems, so central banks are shifting from "if" to "when" they will implement them.

Success of CBDCs depends on 3 pillars - technology, policy, and usability - with privacy an underlying consideration.

Technology must be secure, scalable infrastructure to support users at massive scale.

Policy involves complex considerations to fit each country's priorities and frameworks.

Adoption requires ensuring usability, benefits and seamless cross-border functionality.