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Towards acceptance criteria for a digital euro

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  • Krüger, Nicolai
  • Busche, Jan

Abstract

Alongside other central banks, the European Central Bank (ECB) is currently exploring the potential of a Central Bank Digital Currency (CBDC). Such a significant payment innovation requires compliance with the ECB's mandate based on the Treaties of the European Union, in addition to socio-technical and socioeconomic considerations. Thus, Information Systems (IS) researchers might witness and actively participate in one of the most important changes associated to currency-related fundamental rights in our time in the euro area. IS research can provide useful insights into technology acceptance criteria of a CBDC, which is a novel and unfamiliar technology for most people, and help identify requirements. Our paper provides an overview of the current state of development. Furthermore, we present a Technology Acceptance Model - based vignette study (N = 207) and derive design principles for a prospective digital euro (PDE). The results of the study show that acceptance by the German population can be assumed. However, there are significant differences depending on the final design choices.

Suggested Citation

  • Krüger, Nicolai & Busche, Jan, 2023. "Towards acceptance criteria for a digital euro," IU Discussion Papers - IT & Engineering 2 (Juli 2023), IU International University of Applied Sciences.
    • Handle: RePEc:zbw:iubhit:2juli2023
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    References listed on IDEAS

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    1. A. M. Mooij, 2023. "A digital euro for everyone: Can the European System of Central Banks introduce general purpose CBDC as part of its economic mandate?," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(1), pages 89-104, March.
    2. Ying Lei Toh & Thao Tran, 2020. "How the COVID-19 Pandemic May Reshape the Digital Payments Landscape," Payments System Research Briefing, Federal Reserve Bank of Kansas City, pages 1-10, June.
    3. Michiel Bijlsma & Carin van der Cruijsen & Nicole Jonker & Jelmer Reijerink, 2021. "What triggers consumer adoption of CBDC?," Working Papers 709, DNB.
    4. Berentsen, Aleksander, 2020. "Plädoyer für den E-Euro - Implikationen für die Gesellschaft," Working papers 2020/17, Faculty of Business and Economics - University of Basel.
    5. Viswanath Venkatesh & Fred D. Davis, 2000. "A Theoretical Extension of the Technology Acceptance Model: Four Longitudinal Field Studies," Management Science, INFORMS, vol. 46(2), pages 186-204, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Central Bank Digital Currency; European Central Bank; Digital Euro; Technology Acceptance Model; Intention to use; Cryptocurrencies;
    All these keywords.

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