IX. Key implementation issues of central bank digital currency in the light of infrastructure and operation István Ádor – Péter Eigen – Zoltán Huszár – Zsolt Láda-Hartyáni – Szilvia Szécsiné Kardos – Róbert Taczmann The possible introduction of central bank digital currency will result in significant changes both in technological and business terms, which must be preceded by complex and detailed analyses. Traditional infrastructures and future IT solutions are examined against the key criteria of reliability, transaction speed and cost-effectiveness. When choosing the business model, the needs of prospective users must be considered, and the cooperation between the central bank and participants in payments must also be planned, with the needs and options of all market participants taken into account. Following the selection of the operating model and the technological solution serving it, arrangements can start for the provision of the infrastructural conditions and staffing required for the central bank to perform its new tasks, each providing a pillar of the operations, ensuring that the new service is efficient and innovative.
1. Introduction The main promise of central bank digital currency (CBDC) is that it offers security similar to that of scriptural money, except that claims are made directly on the central bank rather than on a commercial bank or other payment service provider, which provides for an outstandingly high level of reliability, given that a situation where a beneficiary is unable to enforce such a claim
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