## Central Bank Digital Currency Adoption: Inclusive Strategies for Intermediaries and Users

_Fintech Notes, September 20, 2024_

## Source details

**Canonical URL:** [Central Bank Digital Currency Adoption: Inclusive Strategies for Intermediaries and Users](https://www.imf.org/en/publications/fintech-notes/issues/2024/09/21/central-bank-digital-currency-adoption-inclusive-strategies-for-intermediaries-and-users-555118)

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## Bibliographic details
- Authors: Tayo Tunyathon Koonprasert, Shiho Kanada, Natsuki Tsuda, Edona Reshidi
- Published: September 20, 2024
- Series: Fintech Notes
- DOI: https://doi.org/10.5089/9798400289422.063

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### Summary and purpose
- Among countries that have launched central bank digital currency (CBDC) or are conducting large-scale pilots, adoption remains slow and limited.
- The paper argues that successful CBDC adoption hinges not only on technical readiness and operational robustness, but also on strategic policy and design choices that target end-user and intermediary involvement from the outset.
- This paper forms part of the CBDC Virtual Handbook and aims to encourage policymakers to consider adoption early on.

### Key challenges to CBDC adoption identified
- Lack of public awareness and trust.
- Preference for existing payment methods.
- Inadequate incentives for intermediaries.

### The REDI Framework (overview)
- Introduces a framework that outlines:
  - Regulatory strategies.
  - Education/communication initiatives.
  - Design/deployment choices.
  - Incentive mechanisms to prepare for CBDC adoption.

### Target audiences and thematic focus
- Policymakers preparing for CBDC adoption.
- Intermediaries and end users whose involvement is critical to scaling CBDC.
- Subject areas: Central Bank digital currencies, Currencies, Digital financial services, Financial inclusion, Financial markets, Money, Payment systems, Technology.

### Practical implications and policy emphasis
- Central banks should not assume automatic uptake post-launch; proactive measures are required.
- Early incorporation of strategies targeting intermediaries and end users is essential to drive adoption and scale.
- Policy and design choices should be coordinated with communication and incentive mechanisms to address awareness, trust, and behavioral preferences.

*International Monetary Fund — Fintech Notes 2024/005*

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_Source: https://www.imf.org/en/publications/fintech-notes/issues/2024/09/21/central-bank-digital-currency-adoption-inclusive-strategies-for-intermediaries-and-users-555118_