Fourth, communication about CBDCs is crucial and a strategy to guide engagement with stakeholders should be developed early on. Fifth, central banks should establish a set of feature requirements based on the earlier steps. Sixth, a sound legal basis and robust regulatory foundations should underpin the CBDC project from the start. Given rapid developments in technology and the ongoing lessons that are—and will be—learned world-wide, CBDC exploration will need to continue even beyond the point of issuance. CBDC could crowd out other forms of money and change reserve balances in the banking system, which, in turn, may influence short-term interest rates.
The Unified Theory of Acceptance and Use of Technology (UTAUT) paradigm served as a guide for the study, which was based on existing academic research. The main contributions of this research are to highlight the critical roles that perceived delight and perceived risk play in the adoption of digital wallet technology and to investigate how Chinese individuals perceive the use of digital wallets. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
If you would like to propose CBDC-related policy questions on which you think the IMF should focus, please contact us at The CBDC Virtual Handbook aims to collect and share knowledge, lessons, empirical findings, and frameworks to address policymakers’ most frequently asked questions on CBDCs. As our body of knowledge and analysis grows, we will continue to add about five chapters every year aiming to provide about twenty chapters by 2026.
Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. The IMF’s Central Bank Digital Currency (CBDC) Virtual Handbook is a reference guide for policymakers and experts at central banks and ministries of finance. It also serves as the basis for the IMF’s engagement with country authorities and other stakeholders. The next wave of chapters will likely cover financial stability, comparison with other payment innovations, and end-user adoption among other topics.
This approach offers features like workflow streamlining, budgeting, DAM, and reporting, making it suitable for large, complex marketing functions. The software’s robustness and control over critical data are significant advantages, particularly for businesses with numerous business units, functions, or product lines. These factors are expected to boost the growth of the on-premises segment in the global market during the forecast period. Among the jurisdictions that have launched CBDCs or are conducting large-scale pilots, adoption remains slow and limited. It just means that central banks cannot take it for granted that CBDC, once launched, will be adopted and scaled up easily.
DAM solutions are essential for businesses looking to adapt to the behavioral shift towards digital consumption, including audio consumption, online video streaming, and social media campaigns. Digital Asset Management (DAM) market is witnessing significant trends as businesses, both small and medium, as well as large enterprises, are embracing digitalization. DAM software helps manage digital assets such as media files, documents, animations, graphics, and marketing materials in a centralized place. This enables easier organization, retrieval, and distribution of assets for marketing and sales teams.
Overall, DAM software acts as a digital library, enabling businesses to effectively manage their content and enhance their marketing efforts. Do central banks need a CBDC when already equipped with other well-established digital payments systems? This chapter compares retail CBDC with fast payment systems and e-money, and explores how to prioritize development work if resources are constrained. If well designed, regulated, and complemented by an active developer community, all three systems could meet central bank objectives such as payments efficiency and financial inclusion.
The prototype phase concentrates on the development or acquisition of necessary technologies and the selection of relevant partners. The pilot phase represents the live testing of a quasi-final product, while the production phase marks the final issuance and operation of the CBDC. Digital Asset Management (DAM) solutions provide organizations with analytical tools to effectively manage their digital content.
Overall, DAM solutions are streamlining asset management, optimizing rich media production, and unifying management across marketing and sales teams. The Digital Asset Management (DAM) market is a rapidly growing segment in the business world, particularly for medium and small businesses, retailers, and departments seeking to optimize their content management processes. DAM software acts as a centralized digital hub for businesses to store, manage, and distribute their digital assets, including product images, videos, marketing campaigns, and print materials.
DAM systems offer scalable storage solutions, enabling businesses to manage their digital content effectively. They also provide advanced collaboration features, improving teamwork and reducing redundant content. DAM solutions are essential for businesses looking to optimize their marketing and sales efforts, manage brand presence, and gain a competitive advantage through intelligent content management. Emerging technologies like cloud-based DAM, AI-embedded DAM, and chatbots offer real-time analysis and forecasting content needs, making helpful recommendations, and providing smart search and discovery features.
